Implementing and Complementary Regulation on the simplified settlement of building savings contracts

Unofficial table of contents

BauSparVetrAbwV

Date of completion: 09.06.1933

Full quote:

"Implementing and Complementary Regulation on the simplified settlement of building savings contracts in the revised version published in the Bundesgesetzblatt part III, outline number 7631-6-1"

Footnote

(+ + + Text proof applicable: 1.1.1964 + + +) 
(+ + + This V is gem.  Section 20 (6) G v. 16.11.1972 I 2097 
 not to be applied after 1.1.1973 
 completed building savings contracts + + +) 

  

Unofficial table of contents

Input formula

On the basis of Section 7 of the Chapter V of the First Part of the Ordinance of the President of the Reich on measures in the field of administration of justice and administration of 14 June 1932 (Reichsgesetzbl. 285, 288) is to be assigned in agreement with the Minister for Labour: Unofficial table of contents

Species 1

- Unofficial table of contents

Type 2

The construction savers are also exempt from the payment of further contributions (Section 1 (2) sentence 1 of the Emergency Ordinance), as far as savings contributions are retroactive when the simplified settlement is arranged. The same applies to administrative costs contributions; however, the building savings banks have a savings balance which they consist of in order to reduce the amount of administrative costs which they have to pay, in so far as they account for a period of time before the arrangement of the simplified settlement. Unofficial table of contents

Art 3

In the case of the primary satisfaction of all construction savers (§ 1 para. 2 sentence 4 of the emergency decree), it also applies if a building savings contract is countervailable or void. A building saver shall not be entitled to any other claim against the building savings bank in such a way as to allow the building savings to be repaid in the same way as the liquid means in each case (Article 1 (2) sentence 3 of the emergency regulation); counting. Unofficial table of contents

Species 4

Rights which a construction saver has acquired in order to secure the performance, compensation or enrichment claims resulting from the construction savings contract shall be extinguisher with the order of the simplified settlement. Unofficial table of contents

Species 5

If the Reich Supervisory Authority orders the simplified settlement after a building savings bank has voluntarily ceased the business operation, it can determine that its arrangement acts as a resolution decision.

Footnote

Art. 5 italic print: now Federal Supervisory Board for the insurance industry gem. § 8 No. 7 BAG 7630-1 Unofficial table of contents

Species 6

This Regulation shall enter into force with effect from 16 June 1932. This shall be without prejudice to any recognition, comparison and final judgments. Non-refusing charges and administrative costs which have been repaid in breach of the provisions of Article 2 cannot be recovered. A reduction in the building savings in accordance with the second sentence of the second sentence of Article 2 shall not be reduced if, in the event of the proclamation of this Regulation, a plan defining the rights of the construction savers for the simplified settlement is established, which does not provide for such a reduction; and a change in the plan would create a seemingly disproportionate effort of tiredness. Unofficial table of contents

Final formula

The Minister for Economic Affairs