Chapter IV · Bonds · Section I · Bonds in general

Article 353 Incomplete public subscription

Artigo 353.º · Subscrição pública incompleta

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

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1. Where a public subscription has been made for a bond issue and only part of it has been subscribed within the period laid down in the resolution, the issue shall be limited to the bonds so subscribed.

1 - Efectuada subscrição pública para uma emissão de obrigações e sendo apenas subscrita parte dela durante o prazo previsto na deliberação, a essas obrigações se limitará a emissão.

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2. The directors must arrange for the actual amount of the issue to be annotated in the commercial registry.

2 - Os administradores devem promover o averbamento no registo comercial do montante efectivo da emissão.

What we checked in this article

The limitation of the issue to the bonds subscribed within the period set in the resolution and the directors' duty to have the actual amount annotated in the commercial registry 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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