1. A shareholder who has more than one vote may not split those votes in order to vote in different directions on the same proposal or to refrain from voting with all of the shareholder’s shares carrying voting rights.
1 - Um accionista que disponha de mais de um voto não pode fraccionar os seus votos para votar em sentidos diversos sobre a mesma proposta ou para deixar de votar com todas as suas acções providas de direito de voto.
2. A shareholder who represents others may vote in different directions with the shareholder’s own shares and those of the persons represented, and may likewise refrain from voting with the shareholder’s own shares or with those of the persons represented.
2 - Um accionista que represente outros pode votar em sentidos diversos com as suas acções e as dos representados e bem assim deixar de votar com as suas acções ou com as dos representados.
3. The preceding paragraph applies to the exercise of voting rights as usufructuary, pledgee or representative of joint holders of shares, and likewise as representative of an association or company whose members have resolved to vote in different directions according to a specified criterion.
3 - O disposto no número anterior é aplicável ao exercício de direito de voto como usufrutuário, credor pignoratício ou representante de contitulares de acções, e bem assim como representante de uma associação ou sociedade cujos sócios tenham deliberado votar em sentidos diversos, segundo determinado critério.
4. Breach of paragraph 1 of this Article renders all the votes cast by the shareholder null and void.
4 - A violação do disposto no n.º 1 deste artigo importa a nulidade de todos os votos emitidos pelo accionista.
The ban on splitting votes on the same proposal or abstaining with only part of the voting shares, the exception for representatives, usufructuaries, pledgees and representatives of joint holders or of associations or companies, and the nullity of all the shareholder's votes on breach 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.