Law for the abolition of restrictions on the establishment of credit institutions

Unofficial table of contents

KredInstNdlAufhG

Date of completion: 24.12.1956

Full quote:

"Law concerning the abolition of the restriction of the establishment of credit institutions in the revised version published in the Bundesgesetzblatt part III, outline number 7629-7,"

Footnote

(+ + + Proof of text validity from: 1. 1.1964 + + +) Unofficial table of contents

§ 1

(1) (2) In the case of a credit institution which has established a successor institution (spin-off credit institution), the restriction resulting from § 10 of the law on the establishment of credit institutions shall not apply if the credit institution is not A credit institution shall be united with its successor institutions or with a credit institution formed by the association of its successor institutions. Unofficial table of contents

§ 2

(1) For an association

1.

a number of successor institutions of the same credit institution, or a successor institution with a credit institution formed by the association of successor institutions,

2.

the issuing credit institution with the successor institutions of that credit institution or of a credit institution formed by the association of such successor institutions;

§ 3 of this Act applies. (2) Successor institutions within the meaning of paragraph 1 shall be equal to

1.

with funds from the lending credit institution established in Berlin or by credit institutions operating in Berlin with the funds of the successor institutions,

2.

credit institutions established on the basis of the rules of establishment in force after 8 May 1945, as undertakings with limited establishment, in order to take over the functions of a credit institution concluded at the end of the war; has maintained establishments in the three districts referred to in Article 1 (1) of the law on the establishment of credit institutions.

Unofficial table of contents

§ 3

(1) Court fees, including the fees for the correction of public books and notarial certification fees incurred by an association referred to in § 2, shall be reduced to one half; the same shall apply in the case of: Capital increase carried out for the purpose of such an association. The reduced fee for an assessment shall not exceed 2,500 Deutsche Mark. (2) If decisions or legal transactions for which the fees referred to in paragraph 1 are to be reduced, shall at the same time not fall within the scope of the first paragraph shall be taken into account. In the event of a uniform fee, only the partial amount of the total fee shall be reduced in accordance with the provisions of paragraph 1 to one half of the fee, which shall not be charged for that purpose, shall be subject to a uniform fee; in the event of a separate take-up of the business referred to in paragraph 1. (3) Discount does not apply to the additional fee for documents held outside the court of jurisdiction and for foreign language explanations (§ § 52, 53 of the Rules of Costs). However, the fee for the certification outside the place of jurisdiction shall not exceed the amount of the reduced fee to be charged for the transaction itself. (4) The provisions on the minimum fee (§ 26 para. 3, § 72 of the Rules of Costing) shall remain (5) The fee reduction shall enter into force if the association of all successor institutions of the same issuing credit institution which has its registered office in the territory of the Federal Republic has been carried out within two years from the date of entry into force of this Act .

Footnote

§ 3 (3) italic printing: now (§ § 58, 59 of the Rules of Costing) in accordance with Art. 11 § 6 G v. 26.7.1957 I 861, 935
§ 3 (4) italic pressure: now § § 33, 79 of the cost regulations Unofficial table of contents

§ 4

Association within the meaning of this law is the merger by admission or new education according to § § 233ff. of the German Stock Corporation Act or the transfer of the assets in accordance with § 255 of the German Stock Corporation Act or the Act on the Conversion of Capital Companies and Liberal Trade Unions. An association of successor institutions is also available if a successor institution acquires the majority of the shares of other successor institutions.

Footnote

§ 4 italic pressure: See now § § 339ff. or § 361 Stock Corporation Act 4121-1 Unofficial table of contents

§ 5

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

§ 6

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