The concept and the transfer of shares in joint stock and limited liability companies

According to the Turkish commercial code (TCC) no 6102, article 124, companies are classified in two separate ways: individual companies and capital companies. Capital companies are companies whose capital is specific and divided into shares. In this study, consept of the shares are examined in joint stock and limited liability companies. Shares constite the basis of joint stock companies and limited liability companies and statute of shareholding. In this study, in joint stock companies, it will be aproached a classification of shares and the transfer of shares. In light of TCC article 595, the transfer of limited liability's shares will be explained. In the Turkish Commercial Code, detailed arrangements have been made for the transfer of shares for each capital company and the legal regulations have been compiled and discussed. In this study, it is examined that the procedures and principles related to the transfer of shares for joint stock and limited liablity companies with reference to opinions in the doctrine and jurisprudence.