37Transfer etc by German national prohibited

37 Transfer etc by German national prohibited

(1) No person who is a German national shall, without the consent in writing of the Custodian, sell, transfer, mortgage or otherwise dispose of any property or enter into any contract or agreement for the sale, transfer, mortgage or disposal of any property in which he has any estate or interest; and any person who commits a contravention of this subregulation, shall be guilty of an offence.

(2) Any sale, transfer, mortgage, disposal or agreement made, granted or entered into, in contravention of this regulation, shall be void and of no effect.

(3) Any sale, transfer, mortgage or disposal of property by a German national, and any contract or agreement for the sale, transfer, mortgage or disposal of property by a German national, made, granted, or entered into since the tenth day of January, One thousand nine hundred and twenty, and before the date of making this regulation, shall be absolutely void and of no effect.

(4) The Custodian may, by notice in writing, exempt from the provisions of this regulation any transaction or class of transactions entered into by a German national.

(5) In this regulation German national means a person who is a subject of Germany.