1. Unless otherwise provided by a clause of the articles of association or by a resolution adopted by a majority of three quarters of the votes corresponding to the share capital at a general meeting convened for that purpose, one half of the profit for the financial year that is distributable under this law must be distributed to the shareholders.
1 - Salvo diferente cláusula contratual ou deliberação tomada por maioria de três quartos dos votos correspondentes ao capital social em assembleia geral para o efeito convocada, não pode deixar de ser distribuído aos accionistas metade do lucro do exercício que, nos termos desta lei, seja distribuível.
2. A shareholder’s claim to that shareholder’s share of the profits falls due 30 days after the resolution allocating the profits, unless the member concerned consents to a deferral and without prejudice to statutory provisions prohibiting payment before certain formalities have been complied with; on the grounds of an exceptional situation of the company, a resolution may be adopted extending that period by up to a further 60 days, if the shares are not admitted to trading on a regulated market.
2 - O crédito do accionista à sua parte nos lucros vence-se decorridos que sejam 30 dias sobre a deliberação de atribuição de lucros, salvo diferimento consentido pelo sócio e sem prejuízo de disposições legais que proíbam o pagamento antes de observadas certas formalidades, podendo ser deliberada, com fundamento em situação excepcional da sociedade, a extensão daquele prazo até mais 60 dias, se as acções não estiverem admitidas à negociação em mercado regulamentado.
3. If, under the articles of association, members of the company’s bodies are entitled to a share in the profits, that share may only be paid after the shareholders’ profits have been made available for payment.
3 - Se, pelo contrato de sociedade, membros dos respectivos órgãos tiverem direito a participação nos lucros, esta só pode ser paga depois de postos a pagamento os lucros dos accionistas.
The three-quarters majority, the mandatory distribution of one half of distributable profit, the 30-day due date, the extension of up to 60 further days available only where the shares are not admitted to trading on a regulated market, and the priority of shareholders' profits over profit shares of officers 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.