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ARTICLE · 19 JUNE 2026

Dissolution Of A Corporation For Cause

Sakar Law Office
Sakar Law Office
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Sakar Law Office

Sakar Law Office

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While the articles of association of joint-stock companies may provide for certain provisions regarding the withdrawal of shareholders from the partnership, this option may not always be sufficient or feasible. Article 531 of the Turkish Commercial Code No. 6102 (“TCC”) provides a significant protective mechanism for minority shareholders in such situations.

TurkeyCorporate/Commercial Law
  • Introduction

While the articles of association of joint-stock companies may provide for certain provisions regarding the withdrawal of shareholders from the partnership, this option may not always be sufficient or feasible. Article 531 of the Turkish Commercial Code No. 6102 (“TCC”) provides a significant protective mechanism for minority shareholders in such situations. Particularly in closed companies where the transfer of shares is effectively impossible, a minority shareholder may find themselves economically "locked in" within the company. For a shareholder who cannot participate in company management, cannot receive dividends, and has no ability to dispose of their investment, this situation can cause serious hardship.

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