1. The divided company is jointly and severally liable for the debts which, by virtue of the division, have been allocated to the acquiring company or to the new company.
1 - A sociedade cindida responde solidariamente pelas dívidas que, por força da cisão, tenham sido atribuídas à sociedade incorporante ou à nova sociedade.
2. The companies that are recipients of the contributions resulting from the division are jointly and severally liable, up to the value of those contributions, for the debts of the divided company arising before registration of the division in the commercial registry; it may, however, be agreed that liability is merely joint.
2 - As sociedades beneficiárias das entradas resultantes da cisão respondem solidariamente, até ao valor dessas entradas, pelas dívidas da sociedade cindida anteriores à inscrição da cisão no registo comercial; pode, todavia, convencionar-se que a responsabilidade é meramente conjunta.
3. A company which, by reason of the joint and several liability prescribed in the preceding paragraphs, pays debts that were not allocated to it has a right of recourse against the principal debtor.
3 - A sociedade que, por motivo de solidariedade prescrita nos números anteriores, pague dívidas que não lhe hajam sido atribuídas tem direito de regresso contra a devedora principal.
The divided company's joint and several liability, the recipient companies' joint and several liability capped at the value of the contributions for pre-registration debts, the option to agree merely joint liability and the right of recourse are retained.
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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.