1. Where the articles of association grant the successors of the deceased member the right to require the redemption of the quota interest, or in any way make the transfer of the quota interest conditional on the successors’ will, and the successors do not accept the transfer, they must declare this in writing to the company within the 90 days following their becoming aware of the death.
1 - Quando o contrato atribuir aos sucessores do sócio falecido o direito de exigir a amortização da quota ou por algum modo condicionar a transmissão da quota à vontade dos sucessores e estes não aceitem a transmissão, devem declará-lo por escrito à sociedade, nos 90 dias seguintes ao conhecimento do óbito.
2. On receipt of the declaration referred to in the preceding paragraph, the company must, within 30 days, redeem the quota interest, acquire it or have it acquired by a member or a third party, failing which the successor of the deceased member may apply for the dissolution of the company by administrative means.
2 - Recebida a declaração prevista no número anterior, a sociedade deve, no prazo de 30 dias, amortizar a quota, adquiri-la ou fazê-la adquirir por sócio ou terceiro, sob pena de o sucessor do sócio falecido poder requerer a dissolução da sociedade por via administrativa.
The successors' 90-day period for a written declaration, the company's 30-day period to redeem or acquire, the successor's right to seek administrative dissolution and the cross-references to Article 225(4) and Article 240(6) and (7) 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.