1. If the member fails to make the payment due within the period set in the demand for payment, the company must notify the member by registered letter that, from the 30th day following receipt of the letter, the member will be liable to exclusion and to total or partial forfeiture of the quota interest.
1 - Se o sócio não efectuar, no prazo fixado na interpelação, a prestação a que está obrigado, deve a sociedade avisá-lo por carta registada de que, a partir do 30.º dia seguinte à recepção da carta, fica sujeito a exclusão e a perda total ou parcial da quota.
2. If payment is not made within the period referred to in the preceding paragraph and the company resolves to exclude the member, it must notify the member of the exclusion by registered letter, with the consequent forfeiture to the company of the member’s quota interest and of the payments already made, unless the members, on their own initiative or at the request of the defaulting member, resolve to limit the forfeiture to the part of the quota interest corresponding to the payment not made; in that case, the declaration addressed to the member must state the nominal values of the part forfeited by the member and of the part retained by the member.
2 - Não sendo o pagamento efectuado no prazo referido no número anterior e deliberando a sociedade excluir o sócio, deve comunicar-lhe, por carta registada, a sua exclusão, com a consequente perda a favor da sociedade da respectiva quota e pagamentos já realizados, salvo se os sócios, por sua iniciativa ou a pedido do sócio remisso, deliberarem limitar a perda à parte da quota correspondente à prestação não efectuada; neste caso, deverão ser indicados na declaração dirigida ao sócio os valores nominais da parte perdida por este e da parte por ele conservada.
4. If, under paragraph 2 of this Article, only part of the quota interest has been declared forfeited by the defaulting member, the following Articles apply to the sale of that part, to the liability of the member and of the previous holders of the same quota interest, and to the application of the sums obtained.
4 - Se, nos termos do n.º 2 deste artigo, tiver sido declarada perdida pelo sócio remisso apenas uma parte da quota, é aplicável à venda dessa parte, à responsabilidade do sócio e à dos anteriores titulares da mesma quota, bem como ao destino das quantias obtidas, o disposto nos artigos seguintes.
The registered-letter warning with exclusion and forfeiture from the 30th day after receipt, the registered-letter notice of exclusion with forfeiture of the quota interest and payments made, the option to limit forfeiture to the part corresponding to the unpaid instalment (with nominal values stated), the repeal of paragraph 3 and the cross-application of the following Articles to partial forfeiture 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.