Article 593/2 of the new Turkish Commercial Code No.6102 regarding shares of capital stock provides that, “shares of capital stock shall be issued as proof or as registered shares.” This article suggests that issuance of share certificates will be possible for limited liability companies. However, the rationale for this article states that share certificates would not provide ease of transfer or circulation for the shares of limited liability companies. Thus, it is apparent that the legislator does not intend to provide a security nature to the share certificates of limited liability companies. In Article 484 and the subsequent articles of the new Turkish Commercial Code No.6102, share certificates issued by joint stock companies are... Devamı için tıklayınız...

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