1. A member’s creditor may not levy enforcement against the member’s interest in the company, but only against the right to profits and to the share in the liquidation proceeds.
1 - O credor do sócio não pode executar a parte deste na sociedade, mas apenas o direito aos lucros e à quota de liquidação.
2. Once the rights referred to in the preceding paragraph have been attached, the creditor may, within the fifteen days following notification of that fact, apply for the company to be notified to liquidate the interest within a reasonable period not exceeding 180 days.
2 - Efectuada a penhora dos direitos referidos no número anterior, o credor, nos quinze dias seguintes à notificação desse facto, pode requerer que a sociedade seja notificada para, em prazo razoável, não excedente a 180 dias, proceder à liquidação da parte.
3. If the company shows that the debtor member has other assets sufficient to satisfy the debt being enforced, enforcement shall proceed against those assets.
3 - Se a sociedade demonstrar que o sócio devedor possui outros bens suficientes para satisfação da dívida exequenda, a execução continuará sobre esses bens.
4. If the company proves that the member’s interest cannot be liquidated by virtue of Article 188, enforcement shall proceed against the right to profits and to the share in the liquidation proceeds, but the creditor may apply for the company to be dissolved.
4 - Se a sociedade provar que a parte do sócio não pode ser liquidada, por força do disposto no artigo 188.º, prosseguirá a execução sobre o direito aos lucros e à quota de liquidação, mas o credor pode requerer que a sociedade seja dissolvida.
5. In the sale or award of the rights referred to in the preceding paragraph, the other members have a pre-emption right and, where more than one of them wishes to exercise it, the rights shall be allocated to them in proportion to the value of their respective partnership interests.
5 - Na venda ou adjudicação dos direitos referidos no número anterior gozam do direito de preferência os outros sócios e, quando mais de um o desejar exercer, ser-lhe-ão atribuídos na proporção do valor das respectivas partes sociais.
The restriction of enforcement to the right to profits and to the share in the liquidation proceeds, the fifteen-day period to request notice to the company and the reasonable period not exceeding 180 days for liquidation, the switch to other sufficient assets, the creditor's right to request dissolution where Article 188 bars liquidation, and the other members' pro rata pre-emption right 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.