Chapter III · Quota interests · Section II · Joint holding of a quota

Article 222 Rights and obligations attaching to an undivided quota interest

Artigo 222.º · Direitos e obrigações inerentes a quota indivisa

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

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1. Joint holders of a quota interest must exercise the rights attaching to it through a common representative.

1 - Os contitulares de quota devem exercer os direitos a ela inerentes através de representante comum.

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2. Communications and declarations from the company that concern the joint holders must be addressed to the common representative or, if there is none, to one of the joint holders.

2 - As comunicações e declarações da sociedade que interessem aos contitulares devem ser dirigidas ao representante comum e, na falta deste, a um dos contitulares.

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3. The joint holders are jointly and severally liable for the obligations under the law or the articles of association attaching to the quota interest.

3 - Os contitulares respondem solidariamente pelas obrigações legais ou contratuais inerentes à quota.

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4. Where the common representative is unable to act, or where a common representative may be appointed by the court under Article 223(3) but has not yet been appointed, if more than one holder comes forward to exercise the voting right and they do not agree on how to vote, the view of the majority of the joint holders present shall prevail, provided that they represent at least one half of the total value of the quota interest and that the matter is not one requiring the consent of all joint holders under Article 224(1).

4 - Nos impedimentos do representante comum ou se este puder ser nomeado pelo tribunal, nos termos do artigo 223.º, n.º 3, mas ainda o não tiver sido, quando se apresenta mais de um titular para exercer o direito de voto e não haja acordo entre eles sobre o sentido de voto, prevalecerá a opinião da maioria dos contitulares presentes, desde que representem, pelo menos, metade do valor total da quota e para o caso não seja necessário o consentimento de todos os contitulares, nos termos do n.º 1 do artigo 224.º

What we checked in this article

Exercise through a common representative, the addressee of company communications, joint and several liability, and the voting tie-break by majority of joint holders present representing at least one half of the quota interest's value (unless unanimous consent is required under Article 224(1)) 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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