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The company’s business name might include the name of a overseas state or a global group, with consent of that country’s or international organizations’ competent authority. Translation of a business name referred to in paragraph 3 of this Article is registered in accordance with the registration act. The company is obliged to return the extra funds underneath the situations referred to in paragraph 1 of this Article and to the members of the corporate whose capacity as members has ceased, if this is not opposite to the provisions of this Act. A company could execute payments of profit to its members, return of additional payments, mortgage and related, as properly as other funds on any grounds, solely in keeping with the memorandum of affiliation and provisions of this Act on limitations of payments. If the memorandum of affiliation envisages that resolution from paragraph 5 of this Article is handed turkey lawyer immigration lawyer by a special majority, then that decision binds solely the members who have voted for it. In case a new member joins the corporate, the contract on joining a model new member to the company shall be concluded in writing with a certified signature of the individual joining the corporate and the particular person licensed by the decision of the final assembly approving the new member to affix the company. 3) For a restricted liability firm by the words “Limited Liability Company” or the abbreviation “L.L.C.” or “LLC”.
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The provisions of this Act on fee of dividends and interim dividends to shareholders are applied mutatis mutandis to profit distributions to members of the corporate. The company’s memorandum of affiliation may exclude the division of shares, except in instances of inheritance, or it could permit it only in specific circumstances. A firm shall not rely on deficiencies in regards to the form of business letters and other documents prescribed by this Article against bona fide third parties. Next to the enterprise name of the corporate undergoing the procedure of obligatory liquidation a designation “in compulsory liquidation” is added.
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