Das Verbot der Doppelsicherung

'The Prohibition of Double Securitization. Collective Land Charges, Land Charges, and In-Rem Right in Conceptual Jurisprudence': German civil law does not prohibit double securitization of a claim via multiple independent land charges. For the collective land charge (Gesamtgrundpfandrecht) is not a singular type of in-rem right, but multiple land charges in concurrent satisfaction. Sections 1132 and 1192 BGB, defining the collective land charge as 'a' land charge 'on multiple properties', constitute an incorrect statutory construction, since each subjective right within the liability group must be disposed of separately under civil law.