The cross-border conversion takes effect from the date of its registration and entails that:
A transformação transfronteiriça produz efeitos a partir da data do respetivo registo e determina que:
a) All the company’s assets and liabilities, including all its contracts, claims, rights and obligations, become those of the converted company;
a) Todo o património da sociedade, incluindo a totalidade dos contratos, créditos, direitos e obrigações, passa a ser da sociedade transformada;
b) The company’s members continue to be members of the converted company, unless they voted against approval of the draft terms of conversion and, as a result, opted to dispose of their interest;
b) Os sócios da sociedade continuam a ser sócios da sociedade transformada, salvo se tiverem votado contra a aprovação do projeto de transformação e, em consequência, optado pela alienação da sua participação;
c) The company’s rights and obligations arising from contracts of employment or employment relationships existing on the date on which the cross-border conversion begins to produce effects become those of the converted company.
c) Os direitos e as obrigações da sociedade decorrentes de contratos de trabalho ou de relações de trabalho existentes à data em que a transformação transfronteiriça começa a produzir efeitos passam a ser da sociedade transformada.
The conversion takes effect from registration; the universal transfer of the estate, the continuation of membership except for dissenting members who opted to dispose of their interest, and the transfer of employment rights and obligations 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.