Legal person is a person or group of property recognized by law. It is regulated in TMK art.47-100.
Legal Entity Types
- Associations (TMK art.56-100, Associations Law no. 5253)
- Foundations (TMK art.101-117, Foundations Law no. 5737)
- Companies (TTK)
- Cooperatives
- Public legal entities (state, municipality)
Acquisition of Legal Entity
- Associations: By establishment notification
- Foundations: By court decision and registration in the registry
- Companies: By registration in the trade registry
Rights of the Legal Entity Capacity
Legal entities may have all rights except rights specific to humans such as gender, age, kinship (TMK art. 48).
Bodies
- General assembly: The highest decision-making body
- Management: Daily affairs
- Audit: Accounts control
Expiration
- Expiration
- Achievement of the purpose or understanding that it cannot be achieved
- General assembly decision
- Court decision (contrary to law/morality)
Civil law lawyer support is recommended.