1. Profits for the financial year which are needed to cover losses carried forward or to create or restore reserves required by law or by the articles of association may not be distributed to members.
1 - Não podem ser distribuídos aos sócios os lucros do exercício que sejam necessários para cobrir prejuízos transitados ou para formar ou reconstituir reservas impostas pela lei ou pelo contrato de sociedade.
2. Profits for the financial year may not be distributed to members until incorporation, research and development expenses have been fully amortised, unless the amount of freely distributable reserves and retained earnings is at least equal to the amount of those unamortised expenses.
2 - Não podem ser distribuídos aos sócios lucros do exercício enquanto as despesas de constituição, de investigação e de desenvolvimento não estiverem completamente amortizadas, excepto se o montante das reservas livres e dos resultados transitados for, pelo menos, igual ao dessas despesas não amortizadas.
3. Reserves whose existence and amount are not expressly shown in the balance sheet may not be used for distributions to members.
3 - As reservas cuja existência e cujo montante não figuram expressamente no balanço não podem ser utilizadas para distribuição aos sócios.
4. The resolution must expressly identify which reserves are being distributed, wholly or in part, whether on their own or together with profits for the financial year.
4 - Devem ser expressamente mencionadas na deliberação quais as reservas distribuídas, no todo ou em parte, quer isoladamente quer juntamente com lucros de exercício.
Carried-forward losses, required reserves, unamortised expenses and undisclosed reserves are covered.
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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.