Chapter I: Industrial Enterprises

Article 1

The owner of a Jewish industrial enterprise (Third Regulation under the Reich Citizenship Law of 14 June 1938, RGBl I 627) may be ordered to sell or liquidate the enterprise within a definite time. Certain conditions may be stipulated in the order.

Article 2

1. A trustee may be appointed for Jewish industrial enterprises, the owners of which have been ordered to sell or liquidate (Article 1), for the temporary continuation of the enterprise and for the completion of the sale or liquidation, especially if the owner of the enterprise has not complied with the order within the definite period and his application for an extension of time has been rejected.

2. The trustee is empowered to undertake all judicial and extrajudicial actions and legal measures, which the business of the enterprise, its liquidation or sale require. His authority replaces any legally required power of attorney.

3. The trustee must exercise the care of a responsible businessman and is subject to State control.

4. The owner of the enterprise is to pay the expenses of the trustee in connection with his work.

Article 3

1. The owner of the Jewish industrial enterprise is to be notified of the instructions specified in Articles 1 and 2.

2. In case of absence of the person affected, notification may take place through publication in the Deutsche Reichsanzeiger and Preussische Staatsanzeiger. In these cases the day of publication is to be considered the day of notification.

Article 4

As soon as the owner of the enterprise is notified of the order through which a trustee is appointed according to Article 2, he loses the right to dispose of the property for the administration of which the trustee has been appointed. He regains this right only if the appointment of the trustee expires.

Article 5

The consent for the sale according to Article 1 of the Decree based on the Decree of April 26, 1938, for the Reporting of Jewish-owned Property (RGBl I, 415) is necessary also in such cases in which the sale has been ordered; this also applies to the sale by a trustee.