(1) The right in a registered design may
1. be the subject of rights in rem, in particular may be given as security, or
2. be levied in execution.
(2) The rights referred to in subsection (1) no. 1 or the levy of execution referred to in subsection (1) no. 2 is recorded in the Register upon the request of a creditor or of another entitled person if proof thereof is furnished to the German Patent and Trade Mark Office.
(3) If the right in a registered design is involved in insolvency proceedings, this is recorded in the Register upon application of the insolvency administrator or request of the insolvency court. In the case of joint ownership of a registered design, sentence 1 applies accordingly to the share of the joint owner. In the case of debtor-in-possession management (section 270 of the Insolvency Code (Insolvenzordnung)), the insolvency monitor takes the place of the insolvency administrator.