EXCLUSION FROM PARTNERSHIP IN LIMITED COMPANIES

EXCLUSION FROM PARTNERSHIP IN LIMITED LIABILITY COMPANIES
In this article, the rules and principles related to the institution of exclusion from partnership in limited liability companies that have found a place of regulation in the Turkish Commercial Code No. 6102 (“TCC”) and, accordingly, the separation agreement earned by the partner who has terminated the right to partnership will be briefly discussed.
A. EXCLUSION FROM THE PARTNERSHIP
Exclusion from the partnership is defined in the Turkish Commercial Code as ensuring that a partner leaves the partnership against their will. The removal of the partner from the partnership is possible mainly on the basis of the reasons provided for in the articles of association or in the presence of a legitimate reason. However, in the case of TCC, merger, dominance
it also makes it possible to be excluded from the partnership in some cases, such as its illegal use and the fact that limited liability company partners do not fulfill their capital debt.