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Wertpapierrecht und Sachbegriff

Micheler, Eva (2011) Wertpapierrecht und Sachbegriff. In: Leible, Stefan, Lehmann, Matthias and Zech, Herbert, (eds.) UnköRperliche Güter Im Zivilrecht. Mohr Siebeck GmbH & Co., Tübingen, Germany. ISBN 978-3161507847

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English title: Securities Law and the Law of Things The article analyses the German rules governing transfers and holdings of investment securities. Orthodox German theory maintains that securities are transferrable tangibles. This orthodoxy depends on a legal fiction at variance with modern transfer and holding patterns, whereby investment securities are transferred and held electronically. Th e article shows that the characterisation of investment securities as tangibles or intangibles is not essential to explaining how they are transferred, as the law has developed an electronic transfer regime for investment securities which does not depend on their being transferred through book entry or paper document.

Item Type: Book Section
Official URL:
Additional Information: © 2011 Mohr Siebeck GmbH & Co.
Divisions: Law
Subjects: K Law > K Law (General)
Date Deposited: 10 Jul 2012 09:46
Last Modified: 11 Nov 2021 00:04

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