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Membership Conditions

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Membership General Conditions

Every real person and legal entity that enjoys capacity to act and that embrace objectives and principles of the Association and agree to work in this direction and that meet such requirements as set by legislation and that are not deprived of the right to become a member of associations and that are owner and/or developer of shopping center are entitled to become a member of this Association. Legal entities which are owner and/or developer of more than one project company and more than one shopping center along with the same shareholders can be a member of this Association in that number of shopping centers which are currently active.

Subject to consent of the Association’s Executive Board, managers of the shopping centers owned by members can be an Activity Member and, also, Enterprises providing service to shopping centers and Real Persons, too, can be an Activity Member of the Association.


Types of Membership

I. Principal Membership:
Principal members can elect and be elected.

a. Corporate (Legal Entity) – Principal Membership
Enterprises which are investor, owner and/or developer of Shopping Center can be a member in that number of shopping centers which is owned or developed by themselves, by virtue of a resolution of their Board of Directors to that effect.

b. Real Person – Principal Membership
Real persons who are investor, owner and/or developer of Shopping Center can be a member in that number of shopping centers which is owned or developed by themselves. Person authorized to act on behalf of Legal Entity or Real Person files an application for membership. If a Legal Entity becomes a member, Chairman of the Board of Directors, or a representative authorized by Chairman, casts vote. When chairman or representative function of this person ceases to exist, the person to cast vote on behalf of legal entity is appointed by BoD again and is then notified to the Association.


II. Activity Membership:
Activity Members, allowed to make use of Association activities and services, can’t elect and be elected.

Managers of the shopping centers owned by members can be an Activity Member and, also, Enterprises providing service to shopping centers and Real Persons, willing to contribute to activities of the Association in line with its objectives, can also be an activity member of the Association. Activity member candidates are notified to the Association by BoD of the Enterprise of Principal Member status or by the Real Person of Principal Member status and, subject to decision of the Association’s Executive Board, can be elected as Activity Member for a definite or indefinite period of time. Activity membership of such persons are valid so far as they keep their such position.


Membership Procedures:

1. Membership application form is completed in full and is then delivered the Association Central Office as accompanied by;

· 2 small-sized photographs for real Persons, and
· Circular for Authorized Signatories for Legal Entities.

İle birlikte Dernek Merkezine teslim edilmesi gerekmektedir.

2. Membership applications are discussed and resolved at the upcoming meeting of the Association’s Executive Board. Candidates whose applications are found OK by the Executive Board are given notice within 10 days after such decision and their membership takes effect after they pay the following admission fees into the Association’s Bank accounts.
3. For a person given the task to represent the Enterprise in the event of Legal Entity, a resolution passed by the Board of Directors of the Enterprise concerned to that effect is presented.

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