COOPERATIVES LAW

Law Number : 1163

Date of Adoption : April 24,1969

Date and No. of Publication in the Official Gazette : May 10,1969 - 13195


NOTE: This translation made by myself is unofficial and for information purposes only. All rights of it are reserved as a translation anyway. Read this page first, please. Click "KOOPERATİFLER KANUNU" for full Turkish text of the Law.

 

PART ONE
Cooperative and Its Establishment

A) Definition:

Article 1 – (As amended: April 21,2004 – 5146/1 st Art.)

So as to possess legal entity, the partnerships which have been established by real and legal persons with variable members and variable capital in order to provide and protect certain economic interests of their partners and especially the needs related to their profession and sustenance with their labour and monetary contribution by means of mutual assistance, solidarity and surety are called cooperatives.

 

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