Liability of bank directors and shareholders

Banks have to be organized in the form of joint stock companies under Turkish Banking Law. Because of this organizational requirement, the liability provisions of joint stock companies law find aplication for the persons, which involved in the management of banks. However, there is special liability provisions in Banking Act, after revoking the operating permissions of banks or transfering the shareholders rights except dividends and the management and supervision of the banks to the Fund.The most important liability which envisaged in Banking Act is stated in article 110. The article regulate the legal liability of directors, officers and dominant partners. Thanks to this article, directors and dominant partners of banks could be gone bankrupt. Except bankruptcy, there is other spesific liability articles in Banking Act.This dissertation subjected the liability of bank directors, officers and dominant partners which stated in Banking Act with the view of literature.