1. The liability of each member of the supervisory board must be secured by a security bond or an insurance contract, and Article 396 applies with the necessary adaptations.
1 - A responsabilidade de cada membro do conselho fiscal deve ser garantida através de caução ou de contrato de seguro, aplicando-se, com as devidas adaptações, o disposto no artigo 396.º
2. Liability insurance for statutory auditors is governed by special legislation.
2 - O seguro de responsabilidade dos revisores oficiais de contas rege-se por lei especial.
The requirement that each supervisory board member's liability be secured by a security bond or insurance, the cross-reference to Article 396 and the special regime for statutory auditors' insurance 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.