Cooperatives are defined among the types of companies in the TCC. Based on the specific nature and the usage of cooperatives in practice, the legislator had regulated cooperatives with a special law. Therefore, all kinds of cooperatives are subject to Law No.1163. For the areas not regulated in this special law, one should refer to the general provisions of TCC. The rules in the TCC which relate to the legal consequences arising from the status of operating as a merchant apply to the cooperatives.