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Part 3 · Effects of opening insolvency proceedings  ›  Division 2 · Performance of transactions. Cooperation of works council › Section 106

Priority notice

(1) If a priority notice was entered into the land register in order to secure a claim to grant or terminate a right in the debtor’s real estate or in a right registered for the debtor, or in order to secure a claim to modify the contents or priority of such right, the creditor may claim satisfaction of his or her claim from the insolvency estate. The same applies if the debtor undertook additional obligations with respect to the creditor and such obligations have not been met or have not been completely met.

(2) Subsection (1) applies accordingly to a priority notice entered in the register of ships, the register of ships under construction or into the register of liens on aircraft.

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