Act No. 118 / 1947 Coll.
Act on the fulfilment of commitments to empress marks in Slovakia and in relation between Czech and Moravian-Silesian countries and Slovakia
Valid
Effective from 07.07.1947
118.
Law
of 11 June 1947
on the fulfilment of commitments to empress marks in Slovakia and in relation to the Czech and Moravian-Silesian countries and Slovakia.
The Constitutional National Assembly of the Czechoslovak Republic decided on this law:
(1) Cash liabilities denominated in Reichsmark, if they last on the day on which this Act takes effect, between domestic people in Slovakia or between domestic in Czech or Moravian-Silesian on the one hand and between domestic in Slovakia on the other hand, the debtor is obliged to meet in Czechoslovak crowns in ratio 1 Reichsmark = 10 Kès.
(2) Landlords within the meaning of paragraph 1 shall mean persons who are physical or legal on the date on which this law becomes effective, resident or registered in the territory of the Czechoslovak Republic. The same applies to the filials, establishments and representations of foreign companies, if they have their registered office in that territory.
Without prejudice to the provisions of § 1, paragraph 1, the debtor is obliged to meet in Czechoslovak koruna in ratio 1 of the Reichsmark = 10 Kčs of monetary liabilities denominated in Reichsmark, which last on the day on which this law takes effect:
1. where the creditor is a treasury of the Czechoslovak State or a public-law corporation or their fund, institution, undertaking or other establishment in Slovakia, in so far as it is not a liability in respect of foreign securities; or
2. if they come from deposits in respect of books in respect of money institutions or money undertakings in the territory of Slovakia, including the filials of foreign institutions and enterprises in that territory; or
3. where they are secured by a lien on immovable property situated in Slovakia.
Special provisions shall be laid down for the performance of cash obligations arising from insurance contracts of any kind in the Reich marks; until their issue, the debtor is entitled to fill in Czechoslovak crowns in ratio 1 Reichsmark = 10 KCs.
(1) The previous provisions remain unaffected by the provisions of the Decree of the President of the Republic of 2 August 1945, No 36 Coll., on the fulfilment of commitments to the Reich marks, and the provisions of the Decree of the President of the Republic of 19 October 1945, No 91 Coll., on the renewal of the Czechoslovak currency.
(2) The limits laid down in the applicable provisions concerning the management of hostile property and the payment of obligations to persons who are not State-guaranteed remain unaffected.
The Minister of Finance is hereby authorised to amend, following the statement by the Finance Officer, by means of an order in the Official Gazette, Slovakia, also in the Official Journal (Úradnom vestník), the method of compensation for the tender of the mark currency, if it was circulating in the territory of Slovakia.
This Act shall take effect on the day of its publication; It shall be implemented by the Ministers for Justice and Finance.
Dr Beneš v. r.
Gottwald v. r.
Dr Drtina v. r.
Dr Dolansky v. r.
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Regulation Information
| Citation | Act No. 118 / 1947 Coll., on the fulfilment of commitments to empress marks in Slovakia and in proportion between the Czech and Moravian-Silesian countries and Slovakia |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 07.07.1947 |
|---|---|
| Effective from | 07.07.1947 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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