(1) The claim under a bearer bond is extinguished at the end of 30 years following the occurrence of the time stipulated for performance if the document has not been presented to the issuer for redemption prior to the end of 30 years. If presentation occurs, then the claim becomes statute-barred after two years from the end of the submission period. Presentation is equivalent to judicial assertion of the claims under the instrument.
(2) For interest coupons, annuity coupons and profit share coupons, the period for presentation is four years. The period of time commences at the close of the year in which the time stipulated for performance occurred.
(3) The duration and commencement of the presentation period may be specified otherwise by the issuer in the document.