In October 1940 all firms under Jewish ownership or in which Jews had a dominant stake had to be registered with the Wirtschaftsprüfstelle (corporate inspection service), after which they were assigned a Verwalter (or caretaker) by the Nazi authorities. All the firm‘s transactions had to be approved by this Verwalter from that point onward. Once the Jewish owners had been deported, their firms were confiscated, liquidated or sold.
Term
Verwalter
Caretaker who took over management of firms owned by Jews.