Act On The Use Of The Assets Of The German Industry Bank

Original Language Title: Gesetz über die Verwendung des Vermögens der Deutschen Industriebank

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The Law on the Use of the Assets of the Deutsche Industriebank

Nonofficial Table of Contents

DIndBVermvulnerabilities

Date of Departure: 03.05.1974

Full quote:

" The law on the use of assets the Deutsche Industriebank of 3. May 1974 (BGBl. I p. 1037) "

Footnote

(+ + + Text evidence from: 8. 5.1974 + + +) unofficial table of contents

entry formula

The Bundestag, with the consent of the Bundesrat, has approved the following law: Non-official table of contents

§ 1

(1) The assets of the Deutsche Industriebank may be placed on the Industrial Credit Bank by way of merger Public limited liability company. The provisions of the German Stock Corporation Act and Section 25 of the Third Implementing Regulation on the German Stock Corporation Act of 21 December 2009 are applicable to the merger. December 1938 (Reichsgesetzbl. I p. 1839).(2) The merger may not be entered into the commercial register of the registered office of the transferring company only after at least three members of the Supervisory Board of the Deutsche Industriebank, elected by the General Meeting, and by the Federal Republic of Germany, represented by the Federal Minister of Finance, for the purpose of the use of the assets of the Deutsche Industriebank a foundation under private law has been established and approved, the statutes of which ensure that
1.
the foundation is solely for the promotion of the commercial economy,
2.
the foundation receives an organ to monitor the management of the board,
3.
the The Federal Republic of Germany and the Länder of North Rhine-Westphalia and Berlin are represented in the institution referred to in paragraph 2 above,
4.
the sale of shares of the Industriekreditbank Aktiengesellschaft from the assets of the Foundation as well as an amendment of the Articles of Association against a majority of the votes of the representatives of the entities referred to in point 3 cannot be effected.
unofficial table of contents

§ 2

With the registration of the merger in the commercial register of the registered office of the transferring company, the foundation established pursuant to § 1 (2) shall be replaced by the current shareholders of the transferring company shareholders of the accepting company. Nonofficial table of contents

§ 3

- unofficial Table of contents

§ 4

(1) The Deutsche Industriebank remains a public limited company even after the entry into force of this law. The rules applicable to public limited liability companies shall apply without restriction from that date, subject to the provisions of paragraph 2.(2) The Deutsche Industriebank may retain its previous company. § § 23, 25 of the Third Implementing Regulation to the German Stock Corporation Act are to be applied until the registration of the merger in the commercial register at the seat of the Deutsche Industriebank. Nonofficial table of contents

§ 5

- unofficial Table of Contents

§ 6

This Act applies in accordance with Section 13 (1) of the Third Transfer Act of 4. January 1952 (Bundesgesetzbl. I p. 1) also in the Land of Berlin. Non-official table of contents

§ 7

This law enters into force on the day after it is announced.