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ARTICLE · 09 FEBRUARY 2023

Exit Right And Squeeze-Out From Limited Liability Companies

Sakar Law Office
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In limited liability companies, shareholders may exit from the company by transferring their shares in the company to any person if they do not wish to continue as shareholders or may exit...

TurkeyCorporate/Commercial Law
Gözde Esen Sakar
Gözde Esen Sakar
Meltem Gunes
Meltem Gunes
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In limited liability companies, shareholders may exit from the company by transferring their shares in the company to any person if they do not wish to continue as shareholders or may exit from the company within the scope of Article 638 and Article 639 of the Turkish Commercial Code numbered 6102 ("TCC"). At the same time, shareholders of a limited liability company may squeeze out other shareholders from the company in the event of certain conditions determined under Article 640 of TCC have occurred.   

EXIT RIGHT OF SHAREHOLDERS

According to Article 638/1 of TCC, the articles of association of the company may entitle shareholders with an exit right, and the exercise of this right may be subject to certain conditions by articles of association. In practice, the conditions for the exit right determined under articles of association of a limited liability company are the reasons such as the company's loss for a certain period of time or the failure to reach a

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