Charter

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Article 1- Name and Center of the Association

Name of the Association: LİKİTDER Association ("Association"). 

The center of the association is Istanbul.       

The Association may open representative offices and branches in Turkey and abroad.

 
A.Purpose of the Association:
 
The Association was established in order to bring together the companies operating in the Turkish Logistics sector, providing transportation services for bulk, liquid products by road tanker and/or tank container in the nature of commercial services, to exchange views on sectoral issues, to improve business processes, to organize research studies and to strengthen international sectoral communications.
  Legal entities that are bulk liquid transportation equipment owners, tank container operators and agents may become members of the Association.
 
B. Subjects and Forms of Work to be Conducted by the Association:
 
1. To conduct research for the activation and development of the activities of member companies in the aforementioned field. In addition, to manage the application and solution processes before the necessary authorities in order to solve the sectoral problems experienced by member companies.
 
2. To come together within the scope of member companies, to contribute to the establishment of national standards related to the sector and to ensure their sustainability.
 
3. To organize training organizations such as courses, seminars, conferences and panels, webinars in sectoral areas and for the professional development of sector employees, 
 
4. To contribute to the works to be carried out by all kinds of official and private organizations in domestic and foreign platforms on issues related to the fields of activity of the member companies of the Association and to carry out joint projects with public institutions and organizations on issues falling within their fields of duty in order to realize the functions of the Association and if deemed necessary, without prejudice to the provisions of the Law No. 5072 on the Relations of Associations and Foundations with Public Institutions and Organizations,
 
5. To establish platforms with other associations or foundations, trade unions and similar non-governmental organizations, universities, vocational schools in order to realize a common purpose in the fields of activity that are related to the purpose of the association and not prohibited by law.
 
6. To provide all kinds of information, documents and publications necessary for the realization of the purpose of the Association, to create a documentation center, to publish publications such as newspapers, magazines, books, bulletins, e-bulletins in line with its objectives in order to announce its activities,
 
7. To establish and operate economic, commercial and industrial enterprises in order to provide the income needed for the realization of the purpose of the Association, 
 
8. To purchase, sell, lease, rent, lease out and establish real rights on immovable and immovable property needed for the activities of the Association,
 
9. If deemed necessary for the realization of the purpose, to establish foundations in Turkey and abroad, to establish a federation or to join an established federation, to establish facilities that can be established by associations, provided that the necessary permissions are obtained.
 
10. To ensure the establishment of environmental protection and sustainability awareness in member enterprises and to ensure that all activities are carried out in accordance with the principles of environmental sensitivity and in line with the principle of not disturbing the ecological balance.

In the Company's Trade Registry Gazette; Legal entities that have received a transportation Authorization Certificate, which is still in force, obtained from the competent ministries in the fields of activity that are clearly declared to produce Bulk, Liquid product transportation services in the nature of commercial service, who have adopted the objectives and principles of the Association and accept to work in this direction and meet the conditions stipulated by the legislation have the right to become a member of this association.

Legal entities that are bulk liquid transportation equipment owners, tank container operators and agents may become members of the Association.

In order to become a member of the association, companies that meet the above conditions will have to submit a written reference letter from at least two of the current members of the association. At least one of these reference companies must be a founding member of the Association.

The membership application to be made in writing to the chairmanship of the Association shall be decided by the Board of Directors of the Association within 30 (thirty) days at the most as acceptance to membership or rejection of the request and the result shall be notified to the applicant in writing. The member whose application is accepted shall be recorded in the book to be kept for this purpose.

The original members of the Association are the founders of the Association and the legal entities accepted for membership by the Board of Directors upon their application.

Legal Entities that are members of the Association shall appoint their representatives, who shall represent the company before the Association and have the right to elect and be elected, with the authorization documents prepared in print by the Association and signed by the first degree signatories of the Company. The change of the representative will be realized by reissuing the said authorization document by the relevant company.

Each member has the right to resign from the Association upon written notice. As soon as the member company's resignation petition is received by the Board of Directors, the exit procedures are deemed to be finalized. Resignation from membership does not terminate the member's accumulated debts to the Association.

Circumstances requiring expulsion from the membership of the Association:

1. Partial or total non-compliance with the purposes and activities specified in the Association's statute. Continuing the non-compliance clearly defined in this warning despite a written warning by the Board of Directors.

2. Continuously refraining from the duties voluntarily undertaken officially and with the signature of acceptance in the organs of the Association by election or in the sub-committees to be established later. Continuing to neglect the aforementioned duties despite a written warning by the Board of Directors.

3. Failure to pay the annual fee within the first 6 (six) months of the year in question despite written warnings.

4. Failure to comply with the decisions taken by the organs of the Association.

5. Having lost the conditions to become a member, the bankruptcy decision has been finalized and liquidation proceedings have been initiated.
6. A finalized court decision has been issued against the member company that is contrary to ethics, commerce and morality.

7. Revocation or invalidation of the authorization certificate issued by the competent Ministry.

In the event that one of the above-mentioned situations is detected, the member shall be dismissed from membership with the decision of the Board of Directors. Those who leave or are expelled from the association shall be deleted from the member registry and cannot claim any rights in the assets of the association in any way.

The organs of the Association are shown below.

1st General Assembly,

2. Board of Directors,

3. Supervisory Board. 

 

The General Assembly is the most authorized decision-making body of the Association and is composed of legal persons who are registered members of the Association.

General assembly

a) Ordinary at the time specified in these bylaws,
b) In cases deemed necessary by the board of directors or the board of auditors or upon the written application of one fifth of the members of the Association, an extraordinary meeting shall be called by the board of directors. If the board of directors fails to call the general assembly to a meeting, upon the application of one of the members, the judge of the peace may appoint 3 (three) members to call the general assembly to a meeting.

c) The Ordinary General Assembly convenes every 2 (two) years in October, on the day, place and time to be determined by the Board of Directors.

a) Call Procedure

The Board of Directors shall prepare the list of members who have the right to participate in the general assembly according to the Association's bylaws. The members who have the right to participate in the General Assembly shall be called to the meeting at least 15 (fifteen) days in advance by announcing the date, time, place and agenda of the meeting in at least one newspaper or on the Association's website, notifying in writing, sending a message to the e-mail address or contact number notified by the member or using local broadcasting tools. In this call, if the meeting cannot be held due to lack of majority, the day, time and place of the second meeting shall also be specified. The period between the first meeting and the second meeting cannot be less than 7 (seven) days and more than 60 (sixty) days.

If the meeting is postponed for any reason other than the lack of majority, this situation shall be announced to the members in accordance with the call procedure for the first meeting, specifying the reasons for the postponement. The second meeting must be held within 6 (six) months at the latest from the date of postponement. The members shall be recalled to the second meeting according to the principles specified in the first paragraph.

The general assembly meeting cannot be postponed more than once.
b) Meeting Procedure

The General Assembly convenes with the participation of the absolute majority of the members who have the right to participate, and two-thirds in cases of amendment of the statute and dissolution of the association; In case the meeting is postponed due to the failure to meet the majority, the majority is not sought in the second meeting. However, the number of members attending this meeting cannot be less than 2 (two) times the total number of members of the boards of directors and supervisory boards.

In order to participate in the General Assembly, the member company must have paid all membership fees accrued until the General Assembly in full.

The list of members entitled to attend the General Assembly shall be made available at the meeting place. The identity documents issued by the official authorities of the members who will enter the meeting place shall be checked by the members of the board of directors or the officers to be assigned by the board of directors. The members enter the meeting place by putting their signatures against their names in the list issued by the board of directors.
If the quorum is met, the situation is determined with a minute and the meeting is opened by the chairman of the board of directors or one of the members of the board of directors to be assigned by the chairman of the board of directors. In case the quorum is not met, a minute shall be prepared by the board of directors.

After the opening, a council committee is formed by electing a chairman and enough deputy chairmen and clerks to manage the meeting.

In the voting for the election of the organs of the Association, it is obligatory for the voting members to show their ID cards to the council committee and sign their names against their names in the list of attendees.

The chairperson of the council is responsible for the management and security of the meeting.

Only the items on the agenda shall be discussed in the General Assembly. However, it is obligatory to include in the agenda the matters requested to be discussed in writing by one tenth of the members present at the meeting.

Each member has one vote in the general assembly; the member must cast his/her vote in person. Honorary members may attend the general assembly meetings but may not vote. In case a legal entity is a member, the chairman of the board of directors of the legal entity or the person authorized to represent the legal entity shall vote.

The matters discussed and the decisions taken at the meeting shall be recorded in a minute and signed by the chairman of the council and the clerks together. At the end of the meeting, the minutes and other documents are delivered to the chairman of the board of directors. The chairman of the board of directors is responsible for protecting these documents and delivering them to the newly elected board of directors within 7 (seven) days.

Unless otherwise decided in the General Assembly, voting shall be open. In open voting, the method specified by the chairman of the general assembly shall be applied.

In the event of a secret ballot, the papers or ballot papers sealed by the chairman of the meeting shall be thrown into an empty container after the members have done the necessary and the result shall be determined by open casting after the end of voting.

The decisions of the General Assembly shall be taken by an absolute majority of the members attending the meeting. However, decisions on amendment of the statutes and dissolution of the association can only be taken by a two-thirds majority of the members attending the meeting.

a) Decisions taken without a meeting or without a call
Decisions taken with the written participation of all members without coming together and decisions taken by all members of the Association by coming together without complying with the call procedure written in these bylaws are valid. Decisions taken in this way do not take the place of an ordinary meeting.

Article 9- Duties and Powers of the General Assembly

The following matters shall be discussed and resolved by the General Assembly.

1. Election of the organs of the association,
2. Amendment of the bylaws of the association,
3. Discussion of the reports of the boards of directors and auditors and release of the board of directors,
4. Discussion and approval of the budget prepared by the board of directors,
5. Authorization of the board of directors to purchase the immovable properties required for the association or to sell the existing immovable properties,
6. Examination and approval of the regulations to be prepared by the board of directors regarding the activities of the association,
7. Determining the amount of salaries, all kinds of allowances, travel allowances and compensations to be paid to the chairman and members of the board of directors and supervisory boards of the association who are not public officials, and the amount of daily allowances and travel allowances to be paid to the members to be assigned for the services of the association,
8. Deciding on the association's joining or leaving the federation,
9. The association's international activities, joining or leaving associations and organizations abroad as a member,
10. The association's establishment of a foundation,
11. The dissolution of the association,
12. Examining and deciding on other proposals of the board of directors,
13. Fulfillment of other duties specified by the general assembly in the legislation.

The General Assembly shall supervise the other organs of the Association and may dismiss them at any time for just cause.

The General Assembly is the body with the final authority to evaluate and finalize the decisions taken by the Board of Directors regarding admission to membership and expulsion from membership in case of objection.

The Board of Directors is elected by the General Assembly as seven full and seven substitute members. 
 
At its first meeting after the election, the board of directors shall determine the chairman, vice-chairman, treasurer and members by dividing the duties with a decision.  
 
In the event of a vacancy in the original membership of the board of directors due to resignation or other reasons, an appointment will be made according to the order of reserve in the list elected in the general assembly.
 
The Board of Directors convenes at least once every two months or when deemed necessary by the chairman. The Board of Directors of the Association may hold its meetings electronically when necessary.
 
The Chairman of the Board of Directors of Likitder can be elected for a maximum of two consecutive election periods, i.e. a maximum of 4 years consecutively.
 
The former chairman, who has completed this period, may take different duties in the new Board of Directors and/or may be re-elected as the Chairman of the Board of Directors within the Board of Directors that takes office in the next Elected General Assembly after a break in the chairmanship for one term.
 
 
a) Duties and Powers of the Board of Directors: 
 
The Board of Directors shall fulfill the following duties.
1. To represent the Association in federations and confederations on national and international platforms or to authorize one or more of its members to do so.
2. To carry out transactions related to income and expense accounts and to prepare the budget for the next period and present it to the general assembly.
3. To prepare the regulations related to the work of the Association and submit them to the approval of the General Assembly.
4. With the authorization granted by the General Assembly, to purchase immovable property, to sell movable and immovable property belonging to the Association, to construct buildings or facilities, to enter into lease agreements, to establish pledges, mortgages or real rights in favor of the Association,
5. To ensure the opening of representative offices where deemed necessary
6. To implement the decisions taken in the general assembly,
7. At the end of each activity year, to organize the operating account statement or balance sheet and income statement of the association and the report explaining the activities of the board of directors, and to present it to the general assembly when it meets,
8. To ensure the implementation of the budget,
9. To decide on recruitment or dismissal of members to the Association.
10. To take and implement all kinds of decisions to realize the purpose of the Association,
11. To perform other duties and use the powers assigned to him/her by the legislation,
12. The Board of Directors is authorized to appoint and employ staff and/or consultants temporarily or permanently within the Association.

The supervisory board is elected by the general assembly as three original and three substitute members. In the event of a vacancy in the original membership of the supervisory board due to resignation or other reasons, it is obligatory to call the substitute members to duty according to the order of the majority of votes received in the general assembly.

 

  1. Duties and Powers of the Audit Committee

The supervisory board audits whether the Association operates in line with the purpose and the fields of activity specified to be carried out for the realization of the purpose, whether the books, accounts and records are kept in accordance with the legislation and the statute of the Association, according to the principles and procedures determined in the statute of the Association and at intervals not exceeding one year, and submits the results of the audit in a report to the board of directors and to the general assembly when it convenes. The supervisory board may request the general assembly to be called for a meeting when necessary.

The sources of income of the Association are listed below.

 

  1. Member Dues: 25.000.- Turkish Liras (Twenty five thousand Turkish Liras) as entrance fee and 25.000.- Turkish Liras (Twenty five thousand Turkish Liras) as annual dues are collected from the members. The Board of Directors is authorized to increase or decrease these amounts.
  2. Donations and aids made by real and legal persons to the association voluntarily.
  3. Income from the assets of the Association,
  4. Earnings derived from commercial activities undertaken by the association in order to obtain the income it needs to realize its purpose.
  5. Other revenues.

Bookkeeping principles;

 

The Association shall keep books on the basis of business account. However, if the annual gross income exceeds the limit specified in Article 31 of the Regulation on Associations, books shall be kept on the balance sheet basis starting from the following accounting period.

 

In the event that the balance sheet basis is adopted, if the Company falls below the above-mentioned limit in two consecutive accounting periods, it may return to the operating account basis as of the following year.

 

Notwithstanding the above-mentioned limit, books may be kept on the balance sheet basis upon the decision of the Board of Directors.

 

In the event that the Association opens a commercial enterprise, books shall also be kept for this commercial enterprise in accordance with the provisions of the Tax Procedure Law.

 

  1. Registration Procedure

The books and records of the Association shall be kept in accordance with the procedures and principles specified in the Regulation on Associations.

  1. Books to be kept

The Association shall keep the following books.

 

  1. The books to be kept on the business account basis and the principles to be followed are as follows:

 

  1. Decision Book: The decisions of the Board of Directors are written in this book in order of date and number and the decisions are signed by the members attending the meeting.
  2. Member Registration Book: The identity information of those who enter the association as members, their entry and exit dates are recorded in this book. The amount of entrance and annual dues paid by the members can be recorded in this book.
  3. Document Record Book: Incoming and outgoing documents are recorded in this book with date and sequence number. Originals of incoming documents and copies of outgoing documents are filed. Documents received or sent via electronic mail are kept by printing them out.
  4. Operating Account Book: Revenues received and expenses incurred on behalf of the Association are clearly and regularly recorded in this book.

 

  1. The books to be kept on the balance sheet basis and the principles to be followed are as follows:

 

  1. The books registered in subparagraphs 1, 2 and 3 of paragraph (a) shall also be kept in case of keeping books on the balance sheet basis.

 

  1. Journal Book and General Ledger: The method of keeping and recording of these books shall be made in accordance with the principles of the Tax Procedure Law and the Accounting System Implementation General Communiqués issued pursuant to the authorization given to the Ministry of Finance by this Law.
  2. Certification of Books

The books that must be kept in the association (except the General Ledger) are certified by the Provincial Directorate of Civil Society Relations or a notary public before they are used. The use of these books is continued until the pages run out and the books are not subject to interim certification. However, the Journal Book, which is kept on a balance sheet basis, must be recertified every year in the last month preceding the year in which it will be used.

 

  1. Income Statement and Balance Sheet Preparation

In case of keeping records on the basis of operating account, "Operating Account Statement" (specified in Annex-16 of the Regulation on Associations) is prepared at the end of the year (December 31). In case of keeping books on the balance sheet basis, a balance sheet and income statement are prepared at the end of the year (December 31) based on the Accounting System Implementation General Communiqués published by the Ministry of Finance.

Income and expenditure documents;

The revenues of the Association are collected with a "Receipt Certificate" (a sample of which can be found in Annex 17 of the Regulation on Associations). In the event that the income of the Association is collected through banks, documents such as bank receipts or account statements issued by the bank replace the receipt.

 

Expenses of the association are made with expenditure documents such as invoices, retail sales receipts, self-employment receipts. However, for the payments of the association within the scope of Article 94 of the Income Tax Law, an expense voucher in accordance with the provisions of the Tax Procedure Law, and for payments that are not within this scope, documents such as "Expense Receipt" or "Bank Receipt" (an example of which can be found in Annex-13 of the Regulation on Associations) are used as expenditure documents.

 

Free goods and service deliveries to be made by the association to individuals, institutions or organizations are made with the "In-Kind Aid Delivery Certificate" (an example of which can be found in Annex-14 of the Regulation on Associations). Free goods and service deliveries to be made by individuals, institutions or organizations to the association are accepted with the "In-Kind Donation Receipt Certificate" (sample in Annex-15 of the Regulation on Associations).

These documents shall be printed in the form and size shown in Annex-13, Annex-14 and Annex-15, in binders consisting of fifty original and fifty stub sheets, bearing consecutive serial and sequence numbers, self-carbonized, or in form or continuous form to be printed through electronic systems and writing machines. The documents to be printed in form or continuous form must be of the specified quality.

 

  1. Receipt Documents

"Certificates of Receipt" (in the format and size shown in Annex 17 of the Regulation on Associations) to be used in the collection of the income of the association are printed by the decision of the board of directors.

 

The relevant provisions of the Regulation on Associations shall apply to the printing and control of the receipt documents, receipt from the printing house, recording in the book, handover between the old and new treasurers and the use of these receipt documents by the person or persons who will collect income on behalf of the association with the receipt document and the delivery of the collected income.

 

  1. Authorization Certificate

The person or persons who will collect income on behalf of the association, excluding the actual members of the board of directors, shall be determined by the decision of the board of directors by specifying the period of authorization. The "Authorization Certificate" (in Annex-19 of the Regulation on Associations) containing the clear identity, signature and photographs of the persons who will collect income is issued in duplicate by the association and approved by the chairman of the board of directors of the association. The main members of the board of directors may collect income without a certificate of authorization.

 

The duration of the authorization certificates shall be determined by the board of directors as one year at most. Expired authorization certificates shall be renewed according to the first paragraph. In cases such as the expiration of the authorization certificate or the resignation, death, termination of employment or dismissal of the person in whose name the authorization certificate is issued, it is obligatory to deliver the authorization certificates issued to the board of directors of the association within one week. Furthermore, the authorization to collect income may be revoked at any time by the decision of the board of directors.

 

  1. Retention Period of Income and Expense Documents;

Except for the books, the receipt documents, expenditure documents and other documents used by the association shall be kept for 5 years in accordance with the number and date order in the books in which they are recorded, without prejudice to the periods specified in special laws.

The "Declaration of Association" (in Annex-21 of the Regulation on Associations) regarding the activities of the association for the previous year and the results of income and expenditure transactions as of the end of the year is filled in by the board of directors of the association and submitted to the local local administrative authority by the president of the association within the first four months of each calendar year.

Notifications to be made to the local authority;

 

  1. General Assembly Final Declaration

Within 30 (thirty) days following the ordinary or extraordinary general assembly meetings, the General Assembly Result Notification (in Annex-3 of the Regulation on Associations) , which includes the original and substitute members elected to the boards of directors and supervisory boards and other organs, shall be submitted to the local administrative authority. In the event that the bylaws are amended at the general assembly meeting; the minutes of the general assembly meeting, the old and new versions of the amended articles of the bylaws, the final version of the association's bylaws, each page of which is signed by the absolute majority of the members of the board of directors, shall be submitted to the local administrative authority within the period specified in this paragraph.

 

  1. Notification of Immovables

The immovable properties acquired by the Association shall be notified to the local administrative authority by filling out the "Immovable Property Notification" (presented in Annex-26 of the Regulation on Associations) within 30 (thirty) days from the registration to the title deed.

 

  1. Notification of Receiving Aid from Abroad

In case of receiving aid from abroad, the association shall fill out the "Notification of Receiving Aid from Abroad" (specified in Annex-4 of the Regulation on Associations) and notify the local administrative authority before receiving aid.

 

Cash aids must be received through banks and the notification requirement must be fulfilled before use.

 

  1. Notification of Changes

Changes in the location of the association shall be notified to the local administrative authority within 30 (thirty) days following the change by filling out the "Notification of Change in Location" (specified in Annex-24 of the Regulation on Associations) and changes in the association organs outside the general assembly meeting (specified in Annex-25 of the Regulation on Associations).

 

Amendments to the bylaws of the Association shall also be notified to the local administrative authority within 30 (thirty) days following the general assembly meeting where the amendment to the bylaws was made, in the annex of the general assembly result notification.

 

The Association may open representative offices and branches with the decision of the board of directors in order to carry out the activities of the Association wherever it deems necessary. The address of the representative office or branch office shall be notified in writing to the local administrative authority by the person or persons appointed as representative by the decision of the board of directors. The representative office is not represented in the general assembly of the association.

Internal audits may be conducted by the general assembly, the board of directors or the supervisory board, or independent audit institutions may be commissioned to conduct audits. The fact that an audit has been conducted by the general assembly, the board of directors or independent audit institutions does not remove the obligation of the audit board.

An audit of the association shall be carried out by the board of auditors at least once a year. The general assembly or the board of directors may conduct audits or have independent audit institutions conduct audits when deemed necessary.

In order to realize its purpose and carry out its activities, the Association may borrow money with the decision of the Board of Directors if necessary. This borrowing may be made in the purchase of goods and services on credit or in cash. However, this borrowing cannot be made in amounts that cannot be covered by the income sources of the association and cannot be of a nature that will put the association into insolvency.

Amendments to the bylaws may be made by a resolution of the general assembly.

In order to amend the bylaws in the general assembly, 2/3 majority of the members who have the right to participate in the general assembly is required. In case the meeting is postponed due to lack of majority, the majority is not sought in the second meeting. However, the number of members attending this meeting cannot be less than twice the total number of members of the boards of directors and supervisory boards.

The majority of the votes of the members attending the meeting and having the right to vote is 2/3 of the votes required for the amendment of the bylaws. Voting on the amendment of the statute shall be open at the general assembly.

The general assembly may at any time decide to dissolve the association.

In order for the termination to be discussed in the General Assembly, 2/3 majority of the members who have the right to attend the General Assembly shall be sought. In the event that the meeting is postponed due to lack of majority, the majority is not sought in the second meeting. However, the number of members attending this meeting cannot be less than twice the total number of members of the boards of directors and supervisory boards.

The majority of the votes of the members attending the meeting and having the right to vote is 2/3 of the votes required for the dissolution decision to be taken. Voting on the dissolution resolution in the general assembly shall be open.

Liquidation Procedures

When the general assembly decides on dissolution, the liquidation of the money, property and rights of the association shall be carried out by the liquidation board consisting of the members of the last board of directors. These procedures shall commence as of the date of the decision of the general assembly regarding dissolution or the date of finalization of spontaneous termination. During the liquidation period, the phrase "[LİKİTDER] Association in Liquidation" shall be used in the name of the association in all transactions.

The liquidation board is responsible and authorized to complete the liquidation of the money, property and rights of the association from the beginning to the end in accordance with the legislation. This board first examines the accounts of the association. During the examination, the books, receipt documents, expenditure documents, title deed and bank records and other documents of the association are determined and its assets and liabilities are recorded in a minute. During the liquidation procedures, a call is made to the creditors of the association and the assets, if any, are converted into money and paid to the creditors. If the association has creditors, the receivables are collected. All money, property and rights remaining after the collection of receivables and payment of debts are transferred to the place determined in the general assembly. If the place to be transferred is not determined in the general assembly, it shall be transferred to the association closest to the purpose of the association in the province where the association is located and which has the highest number of members on the date of its dissolution.

All transactions related to the liquidation shall be shown in the liquidation minutes and the liquidation procedures shall be completed within three months, except for the additional periods granted by the local administrative authorities based on a justified reason.

Following the completion of the liquidation and transfer of the money, property and rights of the association, the liquidation board must notify the local administrative authority of the place where the headquarters of the association is located with a letter within 7 (seven) days and the liquidation minutes must be attached to this letter.

The last members of the board of directors, as the liquidation board, are responsible for keeping the books and documents of the Association. This duty may also be assigned to a member of the board of directors. The retention period of these books and documents is five years.

The provisions of the Law on Associations, the Turkish Civil Code and the Regulation on Associations issued by reference to these Laws and the provisions of other relevant legislation on associations shall apply to the matters not specified in these bylaws.