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ARTICLE · 25 JUNE 2024

Share Transfer In Joint Stock Companies And Contract Examples

Joint stock companies, one of the companies regulated as capital companies under the Turkish Commercial Code, are commercial companies with relatively large capitals.

TurkeyCorporate/Commercial Law
Solmaz Law & Consultancy
Solmaz Law & Consultancy
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Joint stock companies, one of the companies regulated as capital companies under the Turkish Commercial Code, are commercial companies with relatively large capitals. These companies, whose capital is definite and divided into shares, may issue share certificates, also known as share certificates, to represent the shares of the capital. If share certificates are issued for the shares of the company, the transfer of shares is possible through the duly transfer of these certificates.

Promissory notes issued to represent the shares of joint stock companies are a type of negotiable instrument. Like other negotiable instruments, they may be issued in registered or bearer form. Article 484 of the Turkish Commercial Code clearly states that "Share certificates may be bearer or registered." It is at the company's discretion to issue share certificates in registered or bearer form. However, there is a limitation on bearer share certificates. This limitation is that bearer

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