Turkish Law in EnglishTÜRKİYE
Turkish Civil Code (Law No. 4721)

Article 932: II. Issuance

Book Four: LAW OF PROPERTY › Part Two: LIMITED RIGHTS IN REM › Chapter Two: CHARGES ON IMMOVABLE PROPERTY › Division Four: LOAN CERTIFICATES SECURED BY A PLEDGE OF IMMOVABLES

Certificates issued in series shall be issued each with a value of one hundred million lira or multiples of one hundred million lira.

All certificates in a series must be of the same form and bear consecutive numbers.

Where the certificates are not issued by the owner of the pledged immovable, it shall be stated in the certificates that the intermediary institution is the representative of the creditors and of the debtor.

Original Turkish text

MADDE 932 · II. Düzenlenmesi

Seri hâlinde çıkarılan senetler, her birinin değeri yüz milyon lira veya yüz milyon liranın katları olarak düzenlenir.

Bir serideki bütün senetlerin şeklinin aynı olması ve numaralarının birbirini izlemesi gerekir.

Senetlerin rehinli taşınmaz maliki tarafından çıkarılmamış olması hâlinde aracı kurumun, alacaklılar ve borçlunun temsilcisi olduğu senetlerde belirtilir.

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.