Corporations In Turkish Law

Overview A corporation is a business association with an independent legal personality. In a corporation the amount of capital or assets of the association stands in the forefront instead of its shareholders' personality. The agreement to incorporate, which is called the articles of association, must contain a minimum capital commitment required by law. The amount of this subscribed capital shows the initial financial strength of the corporation to the third persons. This determined capital of a corporation is divided into shares. Those who own shares of the company are called shareholders (i.e. company partners). Shares of a corporation may be transferred through the transfer of stock certificates if issued or with a written sale agreement between the seller and buyer....

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