Decret No. 36 / 1945 Coll.
Decret of the President of the Republic on the fulfilment of commitments to the Reich marks
Valid
Effective from 01.08.1945
36.
Decret of the President of the Republic
of 2 August 1945
on the fulfilment of commitments to the Reich marks.
On the proposal of the Government,
(1) Cash liabilities denominated in the Reich marks, if they last on 1 August 1945, the debtor is obliged to meet in the crowns at the ratio of 1 Reichsmark = 10 CZK, if both the creditor and the debtor have their residence or registered office in the territory of the Czech or Moravian-Silesian countries. In the case of philistines, establishments and representations of a foreign enterprise, their head office shall decide in this respect.
(2) Notwithstanding the provisions of paragraph 1, the debtor is obliged to meet in the crowns at the rate of 1 Reichsmark = 10 kronym of cash liabilities denominated in Reichsmark, which last on 1 August 1945:
1. where the creditor is one of the treasury of the Czechoslovak State or other public corporations or their fund, institution, enterprise or other establishment in the territory of the Czech or Moravian-Silesian country, or where the liabilities are not of foreign securities; or
2. if they come from deposits in respect of books held by money institutions and money businesses in the territory of the Czech or Moravian-Silesian country, including the filiphires of foreign institutions and enterprises in that territory; or
3. if they are secured by a lien on real estate situated in the territory of the Czech or Moravian-Silesian country.
(3) 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 the crowns in the ratio of 1 Reichsmark = 10 crowns.
(1) The provisions of Paragraph 1, paragraph 1, apply only if the owner who is resident or resident in the territory of the Reich Marky and their coupons, which were issued by debtors based in the territory of the Czech or Moravian-Silesian Country, together with the affidavit that the bonds were its property on 1 August 1945, are deposited with a monetary institution in the Czech or Moravian-Silesian State in a secured deposit for the Prague Bank of Account in Prague by 31 August 1945. The Bank shall certify to the depositor that the bond was owned on 1 August 1945 by a person residing or based in the territory of the Czech or Moravian-Silesian country.
(2) The tied custody referred to in paragraph 1 may be released with the permission of the Czechoslovak National Bank.
The previous provisions remain unaffected by the restrictions laid down in the applicable provisions regarding the handling of hostile property and the payment of obligations to persons who are statetically unreliable.
Rates in the Reichsmark, laid down by the legislation which is still used temporarily, are converted into crowns in the ratio of 1 Reichsmark = 10 CZK.
This decree takes effect on 1 August 1945 and applies only in the Czech and Moravian-Silesian countries; It shall be implemented by the Ministers for Justice and Finance.
Dr Beneš v. r.
Fierlinger v. r.
Dr Stránská v. r.
Dr. Šrobár v. r.
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Regulation Information
| Citation | Decree No. 36 / 1945 Coll., on the fulfilment of commitments to Reich marks |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 14.08.1945 |
|---|---|
| Effective from | 01.08.1945 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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