Chapter III · Shares · Section I · General provisions

Article 304 Provisional certificates and issue of definitive certificates

Artigo 304.º · Títulos provisórios e emissão de títulos definitivos

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

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1. Before the definitive certificates are issued, the company may deliver a registered provisional certificate to the shareholder.

1 - Antes da emissão dos títulos definitivos, pode a sociedade entregar ao accionista um título provisório nominativo.

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2. Provisional certificates replace the definitive certificates for all purposes until the latter are issued, and must contain the particulars required for the latter.

2 - Os títulos provisórios substituem, para todos os efeitos, os títulos definitivos, enquanto estes não forem emitidos e devem conter as indicações exigidas para os segundos.

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3. Definitive certificates must be delivered to the shareholders within six months of the definitive registration of the articles of association or of the capital increase.

3 - Os títulos definitivos devem ser entregues aos accionistas nos seis meses seguintes ao registo definitivo do contrato de sociedade ou do aumento de capital.

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4. (Repealed.)

4 - (Revogado).

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5. (Repealed.)

5 - (Revogado).

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6. (Repealed.)

6 - (Revogado).

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7. Shares remain negotiable after the dissolution of the company until the close of the liquidation.

7 - As acções continuam negociáveis depois da dissolução da sociedade, até ao encerramento da liquidação.

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8. Documents evidencing the subscription of shares do not in themselves constitute provisional certificates, and the provisions laid down for such certificates do not apply to them.

8 - Os documentos comprovativos da subscrição de acções não constituem, por si só títulos provisórios, não lhes sendo aplicáveis os preceitos para estes previstos.

What we checked in this article

The six-month delivery period from definitive registration, the repeal of paragraphs 4 to 6, negotiability until the close of liquidation and the exclusion of subscription documents 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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