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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 shall be ineffective in so far as the compensation is necessary to satisfy the company’s creditors. This shall not apply where the person obligated to pay compensation is insolvent and reaches a settlement with his creditors to avert the insolvency proceedings or if the obligation to pay compensation has been regulated in an insolvency plan.

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

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