Recordkeeping Violations Title II of the LMRDA establishes certain reporting and recordkeeping requirements. Section 206 requires, among other things, that labor organizations maintain adequate records for at least five years by which each receipt and disbursement of funds, as well as all account balances, can be verified, explained, and clarified. And its related entities. Prudential Annuities, Prudential.
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If a company does report a defect there is fear that the report will fuel unwarranted product liability actions. The CPSC s interpretive rules offer some protection from such actions by making clear that a subject firmneed not admit, or may specifically deny, that the information it submits reasonably supports the conclusion that its consumer productcontains a defector.