1. Redemption is effected by a resolution of the members, based on verification that the relevant statutory and contractual conditions are met, and becomes effective upon notice addressed to the member affected by it.
1 - A amortização efectua-se por deliberação dos sócios, baseada na verificação dos respectivos pressupostos legais e contratuais, e torna-se eficaz mediante comunicação dirigida ao sócio por ela afectado.
2. The resolution must be adopted within 90 days from the date on which any manager of the company became aware of the event permitting the redemption.
2 - A deliberação deve ser tomada no prazo de 90 dias, contados do conhecimento por algum gerente da sociedade do facto que permite a amortização.
Redemption by members' resolution, its effectiveness upon notice to the affected member and the 90-day period running from any manager's knowledge of the triggering event 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.