Turkish Law in EnglishTÜRKİYE
Enforcement and Bankruptcy Law No. 2004

Article 119

The sale may be made by private negotiation in the following cases:

1. If all interested parties so request,

2. If, for negotiable instruments or other property having a price on the stock exchange or on the market, the price fixed on that day's market is offered,

3. If gold and silver articles which did not reach their metal value at the auction are offered that value,

4. If the circumstances set out in the second paragraph of Article 113 exist,

5. Amended: 17/7/2003, Law No. 4949, Art. 31 If the estimated value of the attached property does not exceed one billion lira.

Assignment of claims in lieu of payment:

Original Turkish text

MADDE 119

Aşağıdaki hallerde satış pazarlık suretiyle yapılabilir:

1 – Bütün alakadarlar isterse,

2 – Borsa veya piyasada fiyatı bulunan kıymetli evrak veya diğer mallar için o günün piyasasında mukarrer fiyat teklif edilirse,

3 – Artırmada maden kıymetini bulmamış olan altın ve gümüş eşyaya bu kıymet verilirse,

4 – 113 üncü maddenin ikinci fıkrasında gösterilen haller bulunursa,

5 – (Değişik: 17/7/2003-4949/31 md.) Mahcuz malın tahmin edilen değeri birmilyar lirayı geçmezse.

Ödeme yerine alacakların devri:

Text as of 1 October 2026 · Official source (Turkish): mevzuat.gov.tr ↗

Unofficial translation for information only. The Turkish text published in the Official Gazette is the only authoritative version. This page is not legal advice.