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.

(Eff. 4/14/95, Register 134)

Authority: AS 23.05.380, AS 23.40.225, AS 42.40.880, AS 23.40.170, AS 42.40.820