1. The redemption of quota interests, where permitted by law or by the articles of association, may be carried out in accordance with this Section.
1 - A amortização de quotas, quando permitida pela lei ou pelo contrato de sociedade, pode ser efectuada nos termos previstos nesta secção.
2. Redemption results in the extinction of the quota interest, without prejudice, however, to rights already acquired and obligations already due.
2 - A amortização tem por efeito a extinção da quota, sem prejuízo, porém, dos direitos já adquiridos e das obrigações já vencidas.
3. Except in the case of a capital reduction, the company may not redeem quota interests that are not fully paid up.
3 - Salvo no caso de redução do capital, a sociedade não pode amortizar quotas que não estejam totalmente liberadas.
4. If the articles of association grant the member the right to have the quota interest redeemed, the provisions on the withdrawal of members apply.
4 - Se o contrato de sociedade atribuir ao sócio o direito à amortização da quota, aplica-se o disposto sobre exoneração de sócios.
5. If the company has the right to redeem the quota interest, it may instead acquire it or have it acquired by a member or a third party.
5 - Se a sociedade tiver o direito de amortizar a quota pode, em vez disso, adquiri-la ou fazê-la adquirir por sócio ou terceiro.
The rule that only fully paid-up quota interests may be redeemed save on a capital reduction, the reference to the withdrawal rules and the cross-reference to Article 225(3) and (4) and the first part of Article 225(5) 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.