The purpose of this article, is to examine in particular the changes brought bythe New Turkish Commercial Code and is to address the legal issues likely to arise inrelation to these. In this aspect, the subj ect will be treated under f our main headingswhich are "partner s exit", "participation to ongoing exit", "partner's expulsion " and"calculation and payment of the allowance" based on the systematics of the TurkishCommercial Code.In the Former Turkish Commercial Codethe exit and theexpulsion of the partner f rom the limited liability companywas regulated only in onearticle, while in the New Turkish Commercial Code, the issue is regulated in a mannerquite detailed, in articles 638-642.There are several amendments on the exit right ofthe partner. The main change is that the New Code envisages the right to request ap reliminary inj unction during the case. Another important change on the exit right, isthat "the institution of participation of others to ongoing exit" is regulated quitedetailed. Besides these changes, the Former Turkish Commercial Code system basedon both "contractual right to exit" and "law suit of exit based on j ust motif s" is exactlyp reserved. One of the maj or changes with respect to expulsion of the partner, is thatthe company has been given the possibility to regulate in the company agreement a"contractual exclusion of the partner". In addition, the excpelled partner has beengiven the right to f ile a law suit f or the annulment against the exclusion decision issuedon the partner.Another important amendment is that the calculation and payment of anallowance to the outgoing partner f or his shares, is regulated in detail.