Law on the Granting of Indemnities in Case of Confiscation or Transfer of Property, 9 December 1937
The Reich government has decided to proclaim the following law:
Chapter 1. Property of Communists, Enemies of the People and the State
Article 1
If objects and rights have been seized in favor of a state on the basis of the law on the confiscation of communist property of 26 May 33 (RGBl I, page 293) or of the law on the confiscation of property of enemies of the people and the state of 14 July 1933 (RGBl I, page 479) before the law became effective, the state shall not be responsible for the claims which have arisen against the former owner of the seized property or rights.
Article 2
1. Rights, which are still existing at the time this law becomes effective and apply to confiscated objects, are deemed expired with the seizure. The same is true in the case of guarantees on property which has been confiscated.
2. Section 1 is not being applied if the seized objects have already been sold by the state before this law became effective.
Article 3
1. Corporations are not responsible for liabilities from the time before the confiscation, if all the shares have been transferred by confiscation to the property of a state, unless the liabilities were recovered by the sequestration decreed for the preparation of the seizure.