Chapter II · Duties and rights of members · Section I · Obligation to contribute

Article 206 Liability of the member and of the previous holders of the quota interest

Artigo 206.º · Responsabilidade do sócio e dos anteriores titulares da quota

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

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1. The excluded member and the previous holders of the quota interest are jointly and severally liable to the company for the difference between the proceeds of the sale and the part of the contribution outstanding. Set-off against the company’s claim is not permitted.

1 - O sócio excluído e os anteriores titulares da quota são solidariamente responsáveis, perante a sociedade, pela diferença entre o produto da venda e a parte da entrada em dívida. Contra o crédito da sociedade não é permitida compensação.

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2. A previous holder who makes payment to the company or to a member subrogated under the following Article is entitled to recover from the excluded member and from any of that member’s predecessors reimbursement of the amount paid, after deduction of the share attributable to that previous holder. The obligation dealt with in this paragraph is joint.

2 - O titular anterior que pagar à sociedade ou a um sócio sub-rogado nos termos do artigo seguinte tem o direito de haver do sócio excluído e de qualquer dos antecessores deste o reembolso da importância paga, depois de deduzida a parte que lhe competir. A obrigação de que trata este número é conjunta.

What we checked in this article

The joint and several liability of the excluded member and previous holders for the shortfall, the prohibition of set-off, and the merely joint recourse obligation after deduction of the payer's own share 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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