Section 8.97.305. Escrow account for disputed service fees.

A labor organization or employee association shall maintain an escrow account for disputed dues, initiation fees, assessments, and service fees and shall hold amounts in dispute in escrow. The escrow account must be in a federally insured financial institution. If the payments from more than one objector are combined, records must be kept of each payment and of the interest that the payment earns. The labor organization or employee association shall bear the cost of maintaining the account.  

Authorities

23.05.380;23.40.170;23.40.225;42.40.820;42.40.880

Notes

Reference

8 AAC 97.310
8 AAC 97.320

Authority

AS 23.05.380 AS 23.40.170 AS 23.40.225 AS 42.40.820 AS 42.40.880

History

Eff. 4/14/95, Register 134