in accordance with § 1195 BGB bea­rer land char­ge cer­ti­fi­ca­te

Public auc­tions due to con­trac­tu­al pled­ges of rights pur­su­ant to Sec­tion 1195 BGB Bea­rer land char­ge cer­ti­fi­ca­te

A land char­ge may be crea­ted in such a way that the land char­ge cer­ti­fi­ca­te is issued to the bea­rer. The pro­vi­si­ons on bea­rer bonds app­ly accor­din­gly to such a let­ter.

The land char­ge cer­ti­fi­ca­tes can be sold by auc­tion by a gene­ral­ly publicly appoin­ted, sworn auc­tion­eer.