1. A company has an indefinite duration unless its duration is specified in the articles of association.
1 - A sociedade dura por tempo indeterminado se a sua duração não for estabelecida no contrato.
2. A duration specified in the articles may be extended only by a resolution adopted before that period expires; after expiry, the continuation of the dissolved company may be resolved upon only in accordance with Article 161.
2 - A duração da sociedade fixada no contrato só pode ser aumentada por deliberação tomada antes de esse prazo ter terminado; depois deste facto, a prorrogação da sociedade dissolvida só pode ser deliberada nos termos do artigo 161.º
Extension before expiry is distinguished from continuation of a dissolved company under Article 161.
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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.