Statutes

ARTICLE 1 – NAME OF THE SOCIETY

The Actuarial Society of Türkiye has been constituted as an association under Turkish law (Associations Law No. 5253, published in the Official Gazette dated 23.11.2004, No. 25649). The official language of the Actuarial Society of Türkiye is Turkish.

ARTICLE 2 – REGISTERED OFFICE OF THE SOCIETY

The Society’s registered office is in İstanbul, and it operates at Barbaros Mahallesi, Kardelen Sokak No: 2, Palladium Tower, Floor 30, 34746 Ataşehir / İstanbul.

The Society is primarily active in İstanbul and may establish branches throughout Türkiye.

The Society’s official website is http://www.aktuerlerdernegi.org/. Official announcements are made through the website or email addresses associated with it.

ARTICLE 3 – BRANCHES OF THE SOCIETY

A. Establishment of Branches

Branches may be established by resolution of the General Assembly to carry out the Society’s activities within the country and fulfil its objectives. The General Assembly may decide to establish branches within Türkiye. Only one branch may be established in any province. A branch may be established only where there are at least 20 full members of the Society registered in that province.

A branch has no legal personality separate from the Society.

Following a General Assembly resolution to establish a branch in a province, the Board of Directors appoints a founding committee of at least three persons practising their profession in that province. The founding committee submits the establishment declaration and other required documents to the highest civil administrative authority of the province in which the branch will be established.

B. Duties and Powers of Branches

Branches are established to fulfil the objectives set out in Article 4 of these Statutes. Although they have no separate legal personality, branches operate autonomously and may undertake all transactions necessary to fulfil those objectives. Branches are responsible for the receivables and debts arising from such transactions. The Society may audit a branch’s activities at any time.

C. Governing Bodies of Branches

Independently of the Society’s governing bodies, branches shall also have a general assembly, board of directors and supervisory board, as required by the Civil Code and the Associations Law. The principles laid down in these Statutes concerning the Society’s governing bodies, their number of members and how they are constituted shall also apply to branches. Branch governing bodies may not undertake activities or adopt resolutions incompatible with the objectives set out in the Society’s Statutes.

Ordinary general assembly meetings of branches shall be held every two years and completed at least two months before the Society’s General Assembly meeting. The branch board of directors shall convene the branch general assembly. A copy of the general assembly results notification shall be submitted to the highest civil administrative authority and to the Society within 30 days following the meeting. Persons serving on a branch board of directors or supervisory board shall resign from their branch positions if elected to the Society’s Board of Directors or Supervisory Board.

D. Representation of Branches in the Society

Branches shall be represented at the Society’s General Assembly meetings by delegates elected at their own general assemblies. Apart from the chairs of the branch board of directors and supervisory board, who are delegates by virtue of their office, the number of delegates representing a branch shall depend on its membership. One (1) delegate shall be elected for every ten (10) registered branch members, with one additional delegate if the remaining number of members exceeds 5.

Delegates elected at the most recent branch general assembly shall attend the Society’s General Assembly. Members of the Society’s Board of Directors and Supervisory Board shall attend the central General Assembly but may not vote unless elected as delegates on behalf of a branch.

ARTICLE 4 – OBJECTIVES OF THE SOCIETY

The Society’s objectives are:

1. To promote the actuarial profession and contribute to the development of actuarial science in Türkiye;
2. To enhance the knowledge of members of the profession, protect their professional interests and promote solidarity among them;
3. To support the professional development of students undertaking actuarial studies;
4. To conduct and encourage research and analysis relating to actuarial science;
5. To help individuals, legal entities, judicial bodies and other public institutions meet their actuarial and related needs and respond to their requests;
6. To ensure the fair resolution of disputes among members of the profession.

To fulfil the objectives above, the Society may undertake actuarial work, publish articles, support research and studies, collect records and documents, and organise congresses, conferences, seminars and similar events. Society members participate in such meetings in Türkiye and abroad, establish communication and cooperation with domestic and foreign organisations, and obtain the necessary resources and assets.

ARTICLE 5 – MEMBERSHIP OF THE SOCIETY

A. Membership Requirements and Conditions

The requirements and conditions for membership are:

1. To meet the legal requirements for membership of an association;
2. To hold a university degree;
3. To meet the conditions applicable to the membership category specified in Article 5.E.

Persons prohibited from joining associations, persons permanently expelled from an association for reasons other than non-payment of dues, and persons who do not meet the conditions specified in the relevant articles of the Associations Law, unless otherwise provided in special laws, may not join the Society. Membership is voluntary.

Every natural person with legal capacity has the right to join the Society. An applicant must attach to the application form the documents required by the Board of Directors.

Written membership applications shall be decided by the Board of Directors within a maximum of 30 days. The applicant shall be notified in writing or by other means determined by the Board. An accepted member shall be entered in the register maintained for this purpose.

The educational requirements, which differ by membership category, shall be determined by the Board of Directors and enter into force following approval by the General Assembly. Whether applicants meet the educational requirements shall be determined by a committee of at least three members selected by the Board from among the Society’s members, at least one of whom shall hold an academic title.

B. Members’ Rights

Members of the Society have equal rights. No distinction shall be made on grounds of language, race, colour, sex, religion or denomination, family, group or class, and no practice may undermine equality or grant privileges to members on these grounds. Every member has the right to participate in the Society’s activities and administration. A member who resigns or is expelled may not claim any right to the Society’s assets.

C. Duties

Members shall comply with the Society’s rules and remain loyal to it. Every member shall act in accordance with its objectives, refrain in particular from conduct that impedes or prevents their fulfilment, and pay dues in full and on time.

D. Dues

1. A one-off admission fee shall be paid when an applicant’s membership is accepted by the Board of Directors.
2. Members shall also pay their annual dues no later than two months after March. Dues may be paid in instalments in accordance with procedures and principles determined by the Board of Directors.

The amount and payment arrangements for admission fees and annual dues shall be determined by the General Assembly for each membership category and announced to all members.

E. Membership Categories

1. Full Member

Full members are persons working or engaged in actuarial activities who meet the educational requirements determined by the Board of Directors and approved by the General Assembly.

Foreign nationals must hold a work permit in Türkiye to become members.

A full member accepts all obligations and responsibilities of membership as well as its rights and benefits. Full members have the right to vote and stand for election.

Full membership is the only category that confers the right to vote and stand for election. Each full member has one vote. Full members shall pay membership dues as specified in the relevant articles of these Statutes.

A full member is also referred to as an Actuary Member.

2. Honorary Member

Honorary members are selected from among members whose contributions to the Society are primarily non-financial. They are appointed by the Board of Directors upon the recommendation of three full members. They may express opinions and contribute to the Society’s work but have no voting rights.

Honorary members are not required to pay dues.

3. Observer Member

Observer members are persons working or engaged in actuarial activities who meet the educational requirements determined by the Board of Directors and approved by the General Assembly. Depending on the educational requirements they meet, observer members are referred to as Trainee Actuary Members or Assistant Actuary Members.

Observer members have no voting rights and are not required to pay dues.

4. Student Member

Student members must be undertaking actuarial education or actuarial work in Türkiye or abroad.

Student members have no voting rights and are not required to pay dues.

5. Supporting Member

Supporting members are selected from among persons who are not actuaries but have made significant contributions to the actuarial field in Türkiye.

Supporting members are appointed by the Board of Directors upon the recommendation of two full members. A supporting member need not hold an actuarial qualification but must be working in an actuarial role.

Supporting members have no voting rights and are not required to pay dues.

ARTICLE 6 – TERMINATION OF MEMBERSHIP

A. Conditions and Forms of Termination

1. Automatic Termination:

Membership shall terminate automatically if a member subsequently ceases to meet the qualifications required by law or these Statutes.

The membership of a full member who fails to attend six consecutive ordinary General Assembly meetings shall also terminate automatically. Likewise, an honorary member who fails to attend six consecutive ordinary General Assembly meetings shall cease to be associated with the Society.

2. Resignation:

No person may be compelled to remain a member of the Society. Every member has the right to resign without giving a reason by notifying the Board of Directors in writing. Membership shall end upon submission of the written notification, without any waiting period.

3. Expulsion:

The Board of Directors may expel members who act contrary to these Statutes or resolutions adopted in accordance with them, or who fail to pay annual dues despite two requests made by the Board one month apart.

A member expelled for reasons other than those stated above may, however, challenge the expulsion on the ground that there is no just cause.

B. Expulsion Procedure

Expulsion proceedings shall be initiated by the Board of Directors on the basis of resolutions adopted at a Board meeting or a formal complaint. A formal complaint must be submitted to the Board in writing by at least one member.

For expulsion proceedings, the Board shall instruct the Disciplinary Board, consisting of three full members, to conduct the necessary investigation and examination concerning the member. The Disciplinary Board shall also hear the member’s defence and/or take their statement.

An expulsion decision shall be adopted by majority vote and notified to the member in writing.

An expelled member may appeal to the General Assembly through the Board of Directors within two months of notification. The appeal shall be considered and decided at the next General Assembly meeting. The member’s rights and obligations shall continue until the appeal is decided.

If the member does not appeal within two months, or if the General Assembly rejects the appeal, the Board of Directors shall remove the member from the register.

The expelled member retains the right to challenge the decision in court within two months of the date of the General Assembly.

The Board of Directors may pursue legal remedies to recover amounts owed by members who resign or are expelled, except in the case of a deceased member.

Sanctions imposed following a formal complaint shall be announced to members and, where necessary, to other actuarial bodies.

ARTICLE 7 – GOVERNING BODIES OF THE SOCIETY

The Society’s governing bodies are:

1. General Assembly
2. Board of Directors
3. Supervisory Board

ARTICLE 8 – GENERAL ASSEMBLY

General Assembly, derneğin en üst karar verme organıdır.

The General Assembly consists of the Society’s registered members. Once the number of branches reaches three, it consists of the chairs of the branch boards of directors and supervisory boards, together with delegates elected by members.

General Assembly resolutions shall be adopted by an absolute majority. However, resolutions amending these Statutes or dissolving the Society require the approval of two-thirds of the members attending the meeting.

A. Duties and Powers

Its duties and powers are:

1. To adopt necessary resolutions in accordance with applicable laws and the Society’s Statutes;
2. To discuss and approve the work programme for the term, annual budget regulations, and income and expenditure statements;
3. To elect principal and substitute members of the Board of Directors, Supervisory Board and Disciplinary Board for the term;
4. To discuss and decide on the Board of Directors’ activity report, balance sheet and income and expenditure statements for the preceding term, and the reports of the Supervisory Board and Board of Directors, and to appoint members of the Board of Directors;
5. To discuss and decide on amendments to the Society’s Statutes proposed by the Board of Directors;
6. To decide on appeals submitted within the prescribed period by members expelled by resolution of the Board of Directors;
7. To decide on membership of federations and confederations pursuing the same objectives;
8. To authorise the Board of Directors to purchase or sell real property on behalf of the Society;
9. To decide on the establishment or closure of one or more branches;
10. To decide on the dissolution of the Society and the distribution of its assets;
11. To decide on other necessary matters.

B. General Assembly Toplanma Şekli

The Board of Directors shall draw up a list of members entitled to attend the General Assembly. Members shall be notified of the meeting’s date, place and time at least 15 days in advance, by newspaper announcement, in writing or by registered mail with acknowledgement of receipt.

If an absolute majority is not present at the first meeting, the Board shall notify members of the date of the second meeting by the same means.

İkinci toplantı, salt çoğunluk aranmaksızın katılan üyelerle açılır ve genel kurul çalışmalarına başlanır. Ancak katılan üye sayısı Board of Directors ile Supervisory Board üye tam sayıları toplamının iki katından aşağı olamaz. İkinci toplantı, salt çoğunluk sağlanılamayan ilk toplantı tarihinden itibaren en geç 6 ay içinde yapılır.

C. Olağan General Assembly Zamanı

The Society’s ordinary General Assembly shall meet every two years in March in the province where the Society’s registered office is located.

D. General Assembly Toplantı İlkeleri

General Assemblya katılacak üyeler, Board of Directorsnca düzenlenen “General Assembly Üyeleri Çizelgesi”ndeki adları karşısına imza atıp General Assembly Giriş Kartı almak suretiyle toplantıya girebilirler. İmzalanan çizelgeye göre genel kurula katılan üyeler sayısı ile toplantı ve karar yeter sayıları, dernek başkanı ile genel sekreter tarafından imzalanan bir tutanakla saptanır.

General Assembly, genel sekreterin çoğunluğun sağlandığını belirten tutanağı okumasından sonra dernek başkanı ya da başkan yardımcısı tarafından açılır ve genel kurulu yönetmek üzere oluşturulacak divana bir başkan, bir başkan yardımcısı, bir sekreter seçebilirler.

General Assemblyda gündemdeki maddeler görüşülür. Ancak toplantıya katılan üyelerin en az 10’da biri tarafından yazılı olarak görüşülmesi istenen ve gündem maddeleri ile ilişkili konuların Gündeme konulması zorunludur. Genel kurulda karar yeter sayısı, genel kurula katılanların yarıdan bir fazlasıdır. Ancak ana tüzük değişikliği ile derneğin feshine ilişkin kararlar toplantıya katılan üyelerin üçte ikisinin kabulü ile alınması zorunludur.

E. Olağanüstü General Assembly

For important and urgent matters that cannot wait until the ordinary General Assembly or would benefit from prompt discussion, the Board of Directors shall issue a call for an extraordinary General Assembly within one month at the latest, in accordance with the requests and resolutions described below.

The Board shall convene an extraordinary General Assembly upon a resolution of an absolute majority of the Board or a written request by one-fifth of the full members, following the procedures and principles applicable to an ordinary General Assembly.

ARTICLE 9 – BOARD OF DIRECTORS

A. Composition

The composition of the Board of Directors, the Society’s authorised executive body, is as follows:

The Board consists of (5) principal and (5) substitute members elected by secret ballot at the General Assembly for a two-year term. Before the election, the General Assembly may redetermine the number of principal and substitute Board members. The Board shall notify the civil administrative authority of any change in the Society’s governing bodies within 30 days of that change.

If vacancies reduce the number of Board members to less than half of its full membership, the remaining Board members or the Supervisory Board shall convene the General Assembly within one month. If no meeting is called, a civil judge of peace shall, at a member’s request, appoint three members to convene the General Assembly.

B. Working Principles

At its first meeting after the election, the Board shall allocate responsibilities by electing a President, Vice President, Secretary General, Treasurer, and Public Relations, Events and Education Officer. The Board shall meet at least once a month and may hold extraordinary meetings as necessary. A Board member who misses two consecutive meetings during a term without a valid excuse may be deemed to have resigned by Board resolution. The meeting quorum is more than half of the full Board membership, and the decision-making quorum is an absolute majority of those present. Except where unavoidable circumstances prevent it, the Board shall meet monthly to conduct its work.

C. Duties and Powers

The Board of Directors is the Society’s executive and representative body and shall perform its duties in accordance with the law and the Society’s Statutes.

The Board’s duties are:

1. To adopt necessary resolutions in accordance with Turkish law and these Statutes and implement General Assembly resolutions;
2. To represent the Society through its President, authorise other members where necessary, and delegate this authority to a member or a third party where deemed appropriate;
3. To prepare the work programme for the term, annual budget regulations, and income and expenditure statements, and implement them following General Assembly approval;
4. To prepare the activity report, balance sheet, and income and expenditure statements for the preceding term;
5. Upon the President’s recommendation, to impose administrative fines on members who cease to meet membership qualifications and conditions, depart from the Society’s objectives and areas of service, or act, speak or behave contrary to these Statutes and General Assembly resolutions;
6. To determine the date, time, place and agenda of General Assembly meetings and notify members and the district governor’s office;
7. To establish working groups or committees for administrative and service-related activities and adopt necessary decisions on their reports;
8. To appoint staff and consultants to conduct the Society’s affairs and terminate their appointments where necessary;
9. Following a General Assembly resolution, to decide on establishing partnerships, commercial enterprises or mutual assistance funds, or joining existing or future ones;
10. To prepare proposals for amendments to these Statutes and for the preparation or amendment of regulations;
11. To enable the Society to undertake international activities, join organisations abroad or cooperate with them;
12. To notify members and relevant bodies of resolutions adopted at General Assembly meetings;
13. To notify the highest local civil administrative authority of persons elected to the Society’s mandatory governing bodies within 30 days of the meeting;
14. To take over duties and the Society’s assets, as recorded in the balance sheet, from the Board responsible for the preceding term, and hand them over in the same manner to the Board for the following term;
15. Under the authority granted by the General Assembly, to appoint branch founders in locations where branches are to be established and authorise them to establish those branches;
16. To undertake other necessary transactions and activities.

ARTICLE 10 – SUPERVISORY BOARD

A. Supervisory Boardnun Teşkili

The Supervisory Board consists of (3) principal and (3) substitute members elected by secret ballot at the General Assembly for a two-year term. Following the election, it shall allocate responsibilities among its members. It shall meet whenever it considers necessary. The meeting and decision-making quorum is two.

The Supervisory Board is authorised and required to report to the Board of Directors its findings, requests and recommendations following its examination of books and documents relating to the Society’s budget, accounts and transactions; attend the Board meeting at which the proposed work programme, annual budget regulations and income and expenditure schedules are discussed and present its views; and submit a report on its examination of the preceding term’s activity report, balance sheet, and income and expenditure schedules prepared by the Board of Directors.

B. Duties

Supervisory Board, derneğin tüzüğünde gösterilen amaç ve amacın gerçekleştirilmesi için sürdüreceği çalışma konuları doğrultusunda faaliyet gösterip göstermediğini, defter, hesap ve kayıtların mevzuata ve dernek tüzüğüne uygun olarak tutulup tutulmadığı, dernek tüzüğünde tespit edilen esas ve usullere göre 1 yılı geçmeyen aralıklarla denetler ve denetim sonuçlarını bir rapor halinde yönetim kuruluna ve toplandığında genel kurula sunar.

At the request of Supervisory Board members, the Society’s officers shall present or provide all information, documents and records, and grant access to administrative premises, establishments and their annexes.

ARTICLE 11 – FINANCING AND FINANCIAL STATEMENTS

A. Income of the Society

The Society is financed from the following sources:

1. Members’ admission fees and annual dues;
2. Income from commercial enterprises established by the Society and scientific research projects;
3. Income from publications, balls, entertainment, performances, concerts, excursions, seminars, conferences and similar events;
4. Income from the Society’s assets;
5. Donations and contributions;
6. Income from courses, camps, seminars and educational activities;
7. Income from facilities;
8. Income from partnerships, commercial enterprises and club premises, income collected under Fundraising Law No. 2860, and other income.

B. Income and Expenditure Transactions

The Society’s income shall be collected against receipts and its expenditure supported by expenditure documents. Where income is collected through banks, bank-issued documents such as transaction slips or account statements shall serve as receipts. Receipts and expenditure documents shall be retained for five years.

Receipts used to collect the Society’s income shall be printed pursuant to a Board resolution. The Treasurer shall take delivery from the printer against a written record. The printer shall notify the civil administrative authority within 15 days of the receipts it has printed. If an error is made when completing a receipt, the erroneous sheet shall not be given to the payer. Both the original and counterfoil shall be marked as cancelled and left attached in the receipt book.

Persons authorised to collect the Society’s income shall be designated by Board resolution. The Society shall prepare an authorisation certificate in three copies for each person. Following the President’s approval, one copy shall be given to the authorised person, one retained on file and one submitted to the associations authority. The certificate’s validity is limited to the Board’s term of office. The President shall notify the associations authority of any changes concerning authorisation certificates within 15 days.

Provided that membership exceeds 100 persons, the Society’s services shall be carried out by volunteers or paid staff appointed by Board resolution. Chairs and members of the Board of Directors and Supervisory Board who are not public officials may be remunerated. The General Assembly shall determine such remuneration and all allowances, travel expenses and compensation. Members other than those serving on these boards may not receive remuneration, attendance fees or payments under any other name. The General Assembly shall determine daily allowances and travel expenses for members assigned to Society duties.

All expenditure consistent with the Society’s objectives, including expenditure on food, healthcare, accommodation, transport, education, awards and similar matters for persons assigned duties, shall be made by Board resolution and supported by legally valid documents.

The Board shall determine the cash amount to be held by the Society, taking its needs into account. Persons authorised to collect income on its behalf shall deliver collected funds to the Treasurer or deposit them in the Society’s bank account within thirty days. If the amount collected exceeds a threshold determined by the General Assembly and announced to all members, the authorised person shall deliver the funds to the Treasurer or deposit them in the Society’s bank account within two business days at the latest, without waiting for the 30-day period.

The Society’s operating period is one calendar year. The accounting period begins on 1 January and ends on 31 December. For a newly established association, the first accounting period begins on its establishment date and ends on 31 December.

The President shall submit the Society’s declaration for the preceding year to the civil administrative authority within the first four months of each calendar year.

ARTICLE 12 – MANDATORY BOOKS AND REGISTERS

Under Articles 4 and 5 of the regulation issued pursuant to Law No. 4721 dated 03.09.2002, books shall be kept on a balance-sheet basis if the applicable threshold specified by the Ministry of Finance under the Tax Procedure Law, assessed annually with reference to the preceding year, is exceeded; otherwise, they shall be kept on an operating-account basis.

a) On an Operating-Account Basis

1. Membership register
2. Resolution book
3. Incoming and outgoing correspondence register
4. Fixed asset register
5. Operating-account book
6. Receipt register

b) On a Balance-Sheet Basis

1. Membership register
2. Resolution book
3. Incoming and outgoing correspondence register
4. General ledger
5. Inventory book
6. Journal
7. Receipt register

Books kept under either accounting method shall be used only after certification by the Provincial Directorate of Associations or a notary. Under the operating-account method, books shall continue to be used until all pages are filled, without interim certification. An Operating Account Statement shall be prepared after the year-end.

Under the balance-sheet method, books must be recertified annually in the final month preceding the year in which they will be used. At year-end, a balance sheet and income statement shall be prepared in accordance with the General Communiqués on Accounting System Implementation issued by the Ministry of Finance. If an association keeping books on a balance-sheet basis falls below the threshold stated above for two consecutive accounting periods, it may revert to the operating-account method from the following year.

ARTICLE 13 – BORROWING PROCEDURES

The Board of Directors may borrow in line with the Society’s annual budget, subject to a General Assembly resolution. Borrowing shall comply with the form and limits prescribed by law. Long-term debt extending beyond a maximum of two years from the General Assembly date may not be incurred. The Society’s interests shall always take priority: excessive borrowing is prohibited, and the Society may not be placed in financial difficulty or exposed to loss through over-indebtedness.

ARTICLE 14 – INTERNAL AUDIT PROCEDURES

The Society’s internal audit may be conducted by the General Assembly, Board of Directors or Supervisory Board, or entrusted to independent audit firms. An audit by the General Assembly, Board of Directors or an independent firm does not relieve the Supervisory Board of its obligations; internal audits shall therefore be performed primarily by the Supervisory Board. Where necessary, other bodies and institutions may also be commissioned to conduct internal audits. Branches may be audited by the central organisation at any time.

ARTICLE 15 – AMENDMENT OF THE STATUTES

To consider amendments to the Statutes, the General Assembly shall meet with two-thirds of members entitled to vote in attendance. No majority is required at the second meeting, but attendance must be at least twice the combined full membership of the Board of Directors and Supervisory Board. In all cases, an amendment requires the approval of two-thirds of the members attending the General Assembly.

Amendments to the Society’s Statutes shall be notified to the civil administrative authority within 30 days of the General Assembly meeting at which they were adopted, together with the documents notifying the meeting’s results.

ARTICLE 16 – DISSOLUTION OF THE SOCIETY AND LIQUIDATION OF ITS ASSETS

A. Dissolution

To consider dissolution of the Society, the General Assembly shall meet with two-thirds of members entitled to vote in attendance. No majority is required at the second meeting, but attendance must be at least twice the combined full membership of the Board of Directors and Supervisory Board. In all cases, dissolution requires the affirmative votes of two-thirds of the members attending the General Assembly.

B. Liquidation

If the Society is dissolved by General Assembly resolution or ceases to exist automatically, its assets shall be transferred to the institution or person designated by General Assembly resolution. Following the dissolution resolution, the Society’s funds and rights shall be transferred by a liquidation committee consisting of the members of the last Board of Directors. Within seven days of completing the liquidation and transfer of funds, assets and rights, the liquidation committee shall notify the civil administrative authority where the Society’s registered office is located in writing, attaching the liquidation record.

C. Liquidation by Court Order

Where the Statutes leave the liquidation arrangements to the General Assembly but no resolution has been adopted, the General Assembly has not convened, liquidation has not been carried out despite notice to the last Board of Directors, or the Society has been dissolved by court order, all its funds, assets and rights shall be transferred by court order to the association whose objectives most closely match those of the Actuarial Society of Türkiye and which has the largest membership at the date of dissolution. Liquidation shall follow the principles specified in the court order, and the relevant civil administrative authority shall be notified upon completion.

ARTICLE 17 – MATTERS NOT PROVIDED FOR IN THE STATUTES

These Statutes consist of 17 articles. For matters not provided for herein, the provisions of Associations Law No. 5253, Turkish Civil Code No. 4721 and Law No. 4778 on Amendments to Various Laws shall apply.