Introduction
The usufruct right, which is regulated under Turkish Civil Code
numbered 47211 ("Civil Code"), enables the
right holder ("usufructuary") to fully use and enjoy
property subject to such right. A usufruct right may be established
on movables, immovable properties, rights, and groups of assets.
Although there are several provisions foreseen under Turkish
Commercial Code numbered 61022 ("TCC")
regarding the establishment of usufruct rights on shares, the TCC
does not particularly regulate this issue. The following sections
of this article include general information on usufruct rights, as
well as the establishment of such rights on the registered shares
of joint stock companies, the joint stock company's entitlement
to limit the establishment of usufruct rights, and the scope of
such rights.
