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von Göler (Hrsg.) / / § 9b

§ 9b Waiver of claims for compensation

(1) The company’s waiver of claims for compensation under section 9a or the company’s settlement in regard to such claims is ineffective insofar as the compensation is necessary to satisfy the company’s creditors. This does not apply where the person liable to pay compensation is insolvent and reaches a settlement with his or her creditors to avert the insolvency proceedings or if the liability to pay compensation has been regulated in an insolvency plan.

(2) The company’s claims for compensation under section 9a become statute-barred after five years. The period of limitation begins to run upon the company being entered in the Commercial Register or, if the act creating the liability to pay compensation was committed at a later point in time, upon performance of that act.

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