Turkish Law in EnglishTÜRKİYE
Turkish Code of Obligations

Article 391: C. Things given instead of money

Part Two: Special Obligational Relationships › Chapter Five: Loan Contracts › Division Two: Loan for Consumption

If, instead of the money agreed in the contract, securities or commercial goods are given to the borrower, the amount of the debt shall be calculated on the basis of their exchange or market value at the time and place of their delivery; any contract to the contrary is invalid.

Original Turkish text

MADDE 391 · C. Para yerine verilen şeyler

Ödünç alana, sözleşmede kararlaştırılan para yerine, kıymetli evrak veya ticari mallar verilirse, borcun tutarı, bunların teslim zamanı ve yerindeki borsa ya da piyasa değeri üzerinden hesaplanır; aksine yapılan sözleşme geçersizdir.

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.