Lex Krupp

The Lex Krupp ( " decree of the Fuhrer on the family of Fried. Krupp " ) was received on November 12, 1943, passed by Adolf Hitler Reich law that transformed the Friedrich Krupp AG of a corporation to a partnership with particularly regulated succession.

History

The Lex Krupp declined on the personal instigation of the Krupps with Hitler, who were in close contact therewith; so met Gustav Krupp von Bohlen und Halbach alone in the years 1934-1940 ten times with Hitler. Effective 15 December 1943, the Friedrich Krupp AG was transformed into a private company during the last board meeting, is wholly owned by Bertha Krupp immediately her eldest son Alfried certain as her successor and sent him all the company's shares. Alfried Krupp von Bohlen and Halbach took over as CEO.

Sense of the Lex Krupp was to save the Krupp family, on a consolidated assets of over one billion Reichsmark, about 400 million Reichsmarks inheritance tax.

Their full importance was the Lex Krupp after the Second World War, when able to take over the entire group assets by the Americans Alfried Krupp von Bohlen und Halbach.

Full text

Decree of the Fuhrer on the family of Fried. Krupp on 12 November 1943.

The Fried. Krupp has acquired as a family in 132 years superior in its kind only services to the military strength of the German people. Therefore, it is my will that they remain as a family. To this end, I order:

I. The owner of the Krupp family's wealth is authorized to establish such assets a family with particularly regulated succession.

II The establishment of the family business and his statutes, court or notarisch to notarize. The statute requires my approval, which must be obtained by the Reich Minister and Chief of the Reich Chancellery.

III. The respective owner of the company bears the name of Krupp in front of his family name.

IV The Minister of Finance may, in agreement with the Reich Minister and Chief of the Reich Chancellery issues relating to the establishment of the family business taxes and the future taxation of the company and the product created by the death of a holder or the transfer of ownership to another employer inheritance - ( gift ) to regulate tax in the purposes of this Decree.

V. The Reich Minister of Justice and Minister of Economics can - each for its business and, where required, jointly - adopt the necessary implementing and supplementing regulations by administrative action in agreement with the Reich Minister and Chief of the Reich Chancellery.

Guide Headquarters, 12 November 1943.

The leader

Adolf Hitler

The Reich Minister and Chief of the Reich Chancellery

Dr. Lammers