Glossary

TTK

Turkish Commercial Code No. 6102

Pronounced: teh-teh-KAH

The statute that governs merchants, companies, commercial paper, insurance and carriage — the framework a foreign business actually operates inside.

What it means for you

Company formation, shareholder rights, board duties, general assemblies, mergers, cheques and bills, and the commercial books you must keep all come from here. It also sets who counts as a merchant, which changes the rules that apply to you.

Commonly confused with

Not the Code of Obligations. If a question is about being a company or a merchant, look at TTK; if it is about the agreement itself, look at TBK.

Where you meet this word

On every trade-registry filing, in the articles of association, and in any dispute between shareholders.

Statute: Turkish Commercial Code (TTK) No. 6102

How we help with this: Corporate & M&A

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