Verfügungsbefugnis

Verfügungsbefugnis refers to the legal authority to dispose of or transfer ownership of property. It is a fundamental concept in property law and civil law jurisdictions. This authority is typically held by the owner of the property or someone legally empowered to act on their behalf, such as a representative with specific powers of attorney or a guardian. The extent of Verfügungsbefugnis can vary depending on the type of property and the legal framework governing it. For instance, the ability to sell, mortgage, gift, or bequeath property all fall under the umbrella of Verfügungsbefugnis. Without proper Verfügungsbefugnis, any attempt to transfer or encumber property is generally considered legally invalid. In cases of insolvency or bankruptcy, the Verfügungsbefugnis over the debtor's assets typically transfers to a trustee or administrator who then has the authority to dispose of them for the benefit of creditors. Understanding Verfügungsbefugnis is crucial for ensuring the validity of property transactions and protecting legal rights.