Reduction of the share; prohibition of payment of the credit balance

(1) Where the share or the payments to be made on it are reduced, or the periods fixed for the payments are extended, the material content of the resolution of the general meeting is to be stated by the court in a publication on the registration in the register of cooperatives.
(2) Security is to be given to the creditors of the cooperative, where they apply to the cooperative for this purpose within six months of the publication, insofar as they cannot demand satisfaction. The publication must draw attention to this. The right to demand security does not vest in creditors who, in the event of insolvency, have a right to preferential satisfaction from a cover pool established for their protection by statutory provision and subject to state supervision.
(3) Members who belonged to the cooperative at the time the resolution was registered may rely on the alteration only once the publication has been made and the creditors who have applied in time have been satisfied or had security given for the claims asserted.
(4) The credit balance of a member may not, for as long as it has not withdrawn, be paid out by the cooperative or taken as a pledge in the course of business, nor may a payment owed be waived. The cooperative may not grant credit to members for the purpose of making payments on the share.
(5) The member may not set off against a payment owed.
(6) The claim of the cooperative to the making of payments on the share becomes time-barred in ten years from its arising. Where insolvency proceedings over the assets of the cooperative are opened, limitation does not occur before the expiry of six months from the point in time of the opening.