1. HOW MY SHARE(S) WILL BE REPRESENTED? WHAT IS LEGAL ASSURANCE AND WARRANTY?
According to Article 18 of the Cooperatives Law No. 1163;
it is obligatory for the membership rights of each member to be represented with a Deed of Membership issued to the name.
Accordingly, “Deed of Membership” containing the titles set down in the law will be issued and signed by the Board of Directors.
The title of the cooperative, the name and surname and business and residence addresses of the owner of the bill and the dates of entering into the cooperative shall be included in the said deed of membership and delivered to the member against signature.
This deed is an official and valuable document and under state control.
2. CAN I GET THE MONEY BACK IF I WANT TO PART FROM THE COOPERATIVE AND REFUND MY SHARE?
According to Articles 10, 11, 12 and 17 of the Cooperatives Law No. 1163;
Each member shall have the right to withdraw from membership and to ask for the refund of the money paid.
Only the amount paid initially, regardless of the current value of the share at that time, will be refunded to a member who wants to legally part from the cooperative within the legal period.
3. WHAT I SHOULD DO IF I WANT TO TRANSFER MY SHARE?
The members may transfer their shares to other persons who they will find themselves. The cooperative management will help the shareholder to transfer his/her share over the current value of the share and in a profitable manner by informing the current value of the shares. Following the receipt of transfer request letters by the Board of Directors, required legal transactions will be started and the transfer will be realized.
4. WILL MONTHLY OR YEARLY CONTRIBUTION FEE BE COLLECTED?
No contribution fee has been collected from the members under any name since the establishment of cooperative. Unless otherwise agreed in the General Meeting, no monthly or yearly contribution fee will be collected by the Board of Directors