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

Article 208 Application of the proceeds of sale of the quota interest

Artigo 208.º · Aplicação das quantias obtidas na venda da quota

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

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1. The sums deriving from the sale of the excluded member’s quota interest, after deduction of the related expenses, belong to the company up to the amount of the contribution outstanding.

1 - As quantias provenientes da venda da quota do sócio excluído, deduzidas as despesas correspondentes, pertencem à sociedade até ao limite da importância da entrada em dívida.

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2. To the extent of the surplus, if any, the company must reimburse the other members the sums they have paid out, in proportion to the payments made; the remainder shall be handed over to the excluded member up to the amount of the part of the contribution made by that member. Any balance belongs to the company.

2 - Pelas forças do excedente, se o houver, deve a sociedade restituir aos outros sócios as quantias por eles desembolsadas, na proporção dos pagamentos feitos; o restante será entregue ao sócio excluído até ao limite da parte da entrada por ele prestada. O remanescente pertence à sociedade.

What we checked in this article

The order of application is retained: the company up to the outstanding contribution, then reimbursement of the other members in proportion to their payments, then the excluded member up to the part of the contribution made, with any balance to the company.

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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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