1. Where for more than 60 days it has not been possible to hold a meeting of the board of directors because there are not enough full directors and the replacements provided for in Article 393 have not been made, and likewise where more than 180 days have elapsed since the end of the term for which the directors were elected without a new election having been held, any shareholder may apply for the judicial appointment of a director, pending the election of that board.
1 - Quando durante mais de 60 dias não tenha sido possível reunir o conselho de administração, por não haver bastantes administradores efectivos e não se ter procedido às substituições previstas no artigo 393.º, e, bem assim, quando tenham decorrido mais de 180 dias sobre o termo do prazo por que foram eleitos os administradores sem se ter efectuado nova eleição, qualquer accionista pode requerer a nomeação judicial de um administrador, até se proceder à eleição daquele conselho.
2. The judicially appointed director is treated as equivalent to the sole director permitted by Article 390(2).
2 - O administrador nomeado judicialmente é equiparado ao administrador único, permitido pelo artigo 390.º, n.º 2.
3. In the cases provided for in paragraph 1, the remaining directors cease to hold office on the date of the judicial appointment of the director.
3 - Nos casos previstos no n.º 1, os administradores ainda existentes terminam as suas funções na data da nomeação judicial de administrador.
The 60-day and 180-day periods, the standing of any shareholder, the equivalence to a sole director under Article 390(2) and the termination of the remaining directors' office on the date of the judicial appointment 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.