Board of Partners
"What decisions does the Board of Partners make?"
Quick Answer
The Board of Partners is the supreme decision-making body in a Limited Liability Company (Limited Şirket), equivalent to the General Assembly in a Joint-Stock Company.
Scope and Legal Distinctions
In a limited company, matters reserved to the general assembly of partners should be separated from day-to-day management. Informal agreement among owners may not satisfy a required resolution.
What to Check in Practice
Check the articles, meeting or written-decision procedure, voting thresholds and any filing requirement for the specific matter.
Sources & Authorities
Statutory framework and official guidance for this definition.
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