Chapter III · Shares · Section III · Own shares

Article 318 Own shares not fully paid up

Artigo 318.º · Acções próprias não liberadas

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

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1. A company may only acquire own shares that are fully paid up, except in the cases referred to in points (b), (c), (e) and (f) of paragraph 3 of the preceding Article.

1 - A sociedade só pode adquirir acções próprias inteiramente liberadas, excepto nos casos das alíneas b), c), e) e f) do n.º 3 do artigo anterior.

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2. Acquisitions in breach of the preceding paragraph are void.

2 - As aquisições que violem o disposto no número anterior são nulas.

What we checked in this article

The exceptions limited to points (b), (c), (e) and (f) of Article 317(3) and the nullity sanction 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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