1. Where, in relation to one of the joint holders of a quota interest, a fact occurs which constitutes grounds for redemption by the company, the members may resolve that the quota interest be divided in accordance with the instrument from which the joint holding arose, without prejudice to Article 219(3).
1 - Verificando-se, relativamente a um dos contitulares da quota, facto que constitua fundamento de amortização pela sociedade, podem os sócios deliberar que a quota seja dividida, em conformidade com o título donde tenha resultado a contitularidade, sem prejuízo do disposto no n.º 3 do artigo 219.º
2. Once the quota interest has been divided, the redemption applies to the quota interest of the joint holder in relation to whom the grounds for redemption arose; failing division, the quota interest may not be redeemed in its entirety.
2 - Dividida a quota, a amortização recairá sobre a quota do contitular relativamente ao qual o fundamento da amortização tenha ocorrido; na falta de divisão, não pode ser amortizada toda a quota.
The members' power to resolve on division in accordance with the instrument that created the joint holding, the reference to Article 219(3), and the bar on redeeming the whole quota interest where there is no division 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.