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BGB 676 The termination of a contract for the management of the affairs of another whose subject matter is the forwarding of securities or of claims to the delivery of securities by way of booking or by other means ( transfer contract ) is only effective if it is notified to the custodian enterprise of the beneficiary in such good time that the notice of termination , if the appropriate care is exercised , can be taken into account prior to booking to the securities account of the beneficiary . The securities or the claims to delivery of securities are in this case to be returned to the enterprise originally entrusted with them . In connection with securities delivery and clearing systems , a transfer contract may , notwithstanding sentence 1 , no longer be terminated after the time specified in the rules of the system .
Level:
Leistung:
fehlt
Status:
Englisch
BGB 676
The
termination
of
a
contract
for
the
management
of
the
affairs
of
another
whose
subject
matter
is
the
forwarding
of
securities
or
of
claims
to
the
delivery
of
securities
by
way
of
booking
or
by
other
means
(
transfer
contract
)
is
only
effective
if
it
is
notified
to
the
custodian
enterprise
of
the
beneficiary
in
such
good
time
that
the
notice
of
termination
,
if
the
appropriate
care
is
exercised
,
can
be
taken
into
account
prior
to
booking
to
the
securities
account
of
the
beneficiary
.
The
securities
or
the
claims
to
delivery
of
securities
are
in
this
case
to
be
returned
to
the
enterprise
originally
entrusted
with
them
.
In
connection
with
securities
delivery
and
clearing
systems
, a
transfer
contract
may
,
notwithstanding
sentence
1 ,
no
longer
be
terminated
after
the
time
specified
in
the
rules
of
the
system
.
