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| BGB 79. 2 The introduction of a computerised procedure enabling the data to be transmitted from electronic registers of associations by retrieval is admissible if it is guaranteed that the retrieval of data does not exceed the inspection permitted under subsection ( 1 ) above and the admissibility of the retrievals can be monitored on the basis of a log . The Länder may specify a nationwide electronic information and communication system for the proceedings . |
| BGB 312b. 1 Distance contracts are contracts for the supply of goods or the rendering of services , including financial services , which are entered into between an entrepreneur and a consumer solely by the use of means of distance communication , except where the entering into of the contract does not take place in the context of a sales or service system organised for distance sales . Financial services in the meaning of sentence 1 are banking services and services in connection with the granting of a credit , insurance , provision for old age for individuals , investment or payment . |
| 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 . |
| BGB 676a. 3 After this , the transferring banking institution may only terminate the bank transfer contract without indicating any reasons as long as the transaction period has not yet begun if insolvency proceedings have been commenced in relation to the assets of the transferor or if a credit required to carry out the bank transfer has been terminated . In connection with payment systems , a bank transfer may , notwithstanding sentence 1 , no longer be terminated after the time determined in the rules of the system . |
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