Chapter III · Quota interests · Section IV · Redemption of a quota

Article 233 Conditions for redemption

Artigo 233.º · Pressupostos da amortização

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

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1. Without prejudice to any statutory provision to the contrary, the company may redeem a quota interest without the consent of its holder only where an event has occurred which the articles of association treat as a ground for compulsory redemption.

1 - Sem prejuízo de disposição legal em contrário, a sociedade só pode amortizar uma quota sem o consentimento do respectivo titular quanto tenha ocorrido um facto que o contrato social considere fundamento de amortização compulsiva.

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2. The redemption of a quota interest is permitted only if the event permitting it already appeared in the articles of association when that quota interest was acquired by its current holder or by the person whom the holder succeeded on death, or if the inclusion of that event in the articles of association was resolved unanimously by the members.

2 - A amortização de uma quota só é permitida se o facto permissivo já figurava no contrato de sociedade ao tempo da aquisição dessa quota pelo seu actual titular ou pela pessoa a quem este sucedeu por morte ou se a introdução desse facto no contrato foi unanimemente deliberada pelos sócios.

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3. The member may consent to redemption either in the resolution itself or by a document prior or subsequent to it.

3 - A amortização pode ser consentida pelo sócio ou na própria deliberação ou por documento anterior ou posterior a esta.

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4. If the redeemed quota interest is subject to a right of usufruct or a pledge, consent must also be given by the holder of that right.

4 - Se sobre a quota amortizada incidir direito de usufruto ou de penhor, o consentimento deve também ser dado pelo titular desse direito.

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5. A quota interest may be partially redeemed only with the member’s consent, save in the cases provided for by law.

5 - Só com consentimento do sócio pode uma quota ser parcialmente amortizada, salvo nos casos previstos na lei.

What we checked in this article

Compulsory redemption only on a ground laid down in the articles, the requirement that the ground predate the holder's acquisition or be introduced unanimously, the consent of usufructuaries and pledgees, and the member's consent to partial redemption save where the law provides otherwise 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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