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BGB 801. 1 The claim under a bearer bond is extinguished at the end of thirty years after the occurrence of the time stipulated for payment if the document has not been presented to the issuer for redemption prior to the end of thirty years . If presentation occurs , then the claim is statute-barred in two years from the end of the submission period . Presentation is equivalent to judicial assertion of the claims under the document . BGB 801. 2 For interest coupons , annuity coupons and profit share coupons , the period for presentation period is four years . The period of time commences at the close of the year in which the time stipulated for payment occurred . BGB 801. 3 Duration and commencement of the presentation period may be determined differently by the issuer in the document .
Level:
Leistung:
fehlt
Status:
Englisch
BGB 801. 1
The
claim
under
a
bearer
bond
is
extinguished
at
the
end
of
thirty
years
after
the
occurrence
of
the
time
stipulated
for
payment
if
the
document
has
not
been
presented
to
the
issuer
for
redemption
prior
to
the
end
of
thirty
years
.
If
presentation
occurs
,
then
the
claim
is
statute-barred
in
two
years
from
the
end
of
the
submission
period
.
Presentation
is
equivalent
to
judicial
assertion
of
the
claims
under
the
document
. BGB 801. 2
For
interest
coupons
,
annuity
coupons
and
profit
share
coupons
,
the
period
for
presentation
period
is
four
years
.
The
period
of
time
commences
at
the
close
of
the
year
in
which
the
time
stipulated
for
payment
occurred
. BGB 801. 3
Duration
and
commencement
of
the
presentation
period
may
be
determined
differently
by
the
issuer
in
the
document
.