Advanced Search

Law on the use of the assets of Deutsche Industriebank

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

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

Law on the use of the assets of Deutsche Industriebank

Unofficial table of contents

DIndBVermVerwG

Date of completion: 03.05.1974

Full quote:

" The Law on the Use of the Assets of the Deutsche Industriebank on 3 May 1974 (BGBl. I p. 1037) "

Footnote

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

Input formula

With the approval of the Federal Council, the Bundestag has adopted the following law: Unofficial table of contents

§ 1

(1) The assets of the Deutsche Industriebank may be transferred to Industriekreditbank Aktiengesellschaft in the course of the merger. 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 1938 (Reichsgesetzbl. I p. 1839) Application. (2) The merger may 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 Germans elected by the General Meeting Industriebank 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 of private law has been established and approved, the Statutes shall ensure that:
1.
the Foundation is solely responsible for the promotion of the commercial economy,
2.
the foundation receives an institution to supervise the management of the board;
3.
the Federal Republic of Germany and the Länder of North Rhine-Westphalia and Berlin are represented in the institution referred to in paragraph 2,
4.
the sale of shares of 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 in accordance with § 1, para. 2 shall be replaced by the shareholders of the transferable public limited liability company of the transferable company. Society. Unofficial table of contents

§ 3

- Unofficial table of contents

§ 4

(1) The Deutsche Industriebank remains a joint-stock company even after the entry into force of this Act. The rules applicable to public limited liability companies shall be applied without restriction to them from this date, subject to paragraph 2. (2) Deutsche Industriebank may retain its previous firm. § § 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. Unofficial table of contents

§ 5

- Unofficial table of contents

§ 6

This law 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. Unofficial table of contents

§ 7

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