Chapter XIII · Liquidation of the company

Article 164 Subsequently discovered assets

Artigo 164.º · Activo superveniente

Código das Sociedades Comerciais · Decree-Law No. 262/86 · consolidated text checked 26 October 2026

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1. If, after the liquidation has been closed and the company extinguished, assets are found that have not been distributed, it is for the liquidators to propose an additional distribution among the former members, converting the assets into cash unless distribution in kind is unanimously agreed.

1 - Verificando-se, depois de encerrada a liquidação e extinta a sociedade, a existência de bens não partilhados, compete aos liquidatários propor a partilha adicional pelos antigos sócios, reduzindo os bens a dinheiro, se não for acordada unanimemente a partilha em espécie.

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2. Proceedings to recover claims of the company covered by the preceding paragraph may be brought by the liquidators, who for that purpose are deemed to be the legal representatives of the members collectively; any member may, however, bring proceedings limited to that member’s own interest.

2 - As acções para cobrança de créditos da sociedade abrangidos pelo disposto no número anterior podem ser propostas pelos liquidatários, que, para o efeito, são considerados representantes legais da generalidade dos sócios; qualquer destes pode, contudo, propor acção limitada ao seu interesse.

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3. The judgment given in respect of the members collectively is res judicata for each of them and may be enforced individually to the extent of their respective interests.

3 - A sentença proferida relativamente à generalidade dos sócios constitui caso julgado para cada um deles e pode ser individualmente executada, na medida dos respectivos interesses.

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4. Article 163(4) applies.

4 - É aplicável o disposto no artigo 163.º, n.º 4.

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5. If the liquidators have died, Article 163(5) applies.

5 - No caso de falecimento dos liquidatários, aplica-se o disposto no artigo 163.º, n.º 5.

What we checked in this article

Additional distribution is in cash unless distribution in kind is unanimously agreed, the liquidators' representative standing does not bar individual proceedings limited to a member's interest, and the cross-references to Article 163(4) and (5) 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.

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