1. Members of the management and supervisory bodies of each participating company are jointly and severally liable for losses caused by the merger to the company and its members and creditors if, in verifying the companies' assets and liabilities and completing the merger, they failed to exercise the diligence of a judicious and orderly manager.
1 - Os membros do órgão de administração e os membros do órgão de fiscalização de cada uma das sociedades participantes são solidariamente responsáveis pelos danos causados pela fusão à sociedade e aos seus sócios e credores, desde que, na verificação da situação patrimonial das sociedades e na conclusão da fusão, não tenham observado a diligência de um gestor criterioso e ordenado.
2. The cessation of companies' existence as a result of the merger does not prevent exercise of the compensation rights provided for in the preceding paragraph or of rights arising from the merger in favour of or against those companies; they are treated as continuing to exist for that purpose.
2 - A extinção de sociedades ocasionada pela fusão não impede o exercício dos direitos de indemnização previstos no número anterior e, bem assim, dos direitos que resultem da fusão a favor delas ou contra elas, considerando-se essas sociedade existentes para esse efeito.
Joint and several liability depends on the stated diligence failure; extinct companies are deemed to exist for enforcement purposes.
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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.