In the case of violation of certain provisions, the partners of companies participating in the merger, division or conversion who have not voted in favor of the merger, division and conversion resolution, and who have recorded this in the minutes, may file an action for cancellation within two months from the date of announcement of this resolution in Turkish Trade Registry Gazette. The period commences from the date of registration when announcement is not required. This action may also be filed provided that the resolution is adopted by a management body.
If any transactions regarding the merger, division and conversion are incomplete, the court may grant a period to the parties in order to complete these transactions. If these transactions cannot be completed within the granted time, the court may cancel the resolution and take the necessary measures.
