1. The management and representation of the company are vested in the managers.
1 - A administração e a representação da sociedade competem aos gerentes.
2. The powers of the managers, both to manage and to represent the company, must always be exercised within the limits of the company’s object and may be made subject by the articles of association to other limitations or conditions.
2 - A competência dos gerentes, tanto para administrar como para representar a sociedade, deve ser sempre exercida dentro dos limites do objecto social e, pelo contrato, pode ficar sujeita a outras limitações ou condicionamentos.
3. The company may not challenge transactions entered into in its name by the managers without the necessary powers where such transactions have been confirmed, expressly or tacitly, by unanimous resolution of the members.
3 - A sociedade não pode impugnar negócios celebrados em seu nome, mas com falta de poderes, pelos gerentes, no caso de tais negócios terem sido confirmados, expressa ou tacitamente, por deliberação unânime dos sócios.
4. Where not confirmed, the transactions referred to in the preceding paragraph may not be challenged by the third parties to them who were aware of the breach committed by the manager; registration or publication of the articles of association does not give rise to a presumption of such knowledge.
4 - Os negócios referidos no número anterior, quando não confirmados, são insusceptíveis de impugnação pelos terceiros neles intervenientes que tinham conhecimento da infracção cometida pelo gerente; o registo ou a publicação do contato não fazem presumir este conhecimento.
5. The office of manager is presumed to be remunerated; the amount of each manager’s remuneration, where remuneration is not excluded by the articles of association, is fixed by resolution of the members.
5 - A gerência presume-se remunerada; o montante da remuneração de cada gerente, quando não excluída pelo contrato, é fixado por deliberação dos sócios.
The limits of the company's object, the effect of unanimous confirmation of unauthorised transactions, the bar on challenge by knowing third parties (with no presumption of knowledge from registration or publication) and the presumption of remuneration 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.