Chapter VI · Management, supervision and company secretary · Section IV · Executive board of directors

Article 424 Composition of the executive board of directors

Artigo 424.º · Composição do conselho de administração executivo

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

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1. The executive board of directors referred to in Article 278(1)(c) is composed of the number of directors laid down in the articles of association.

1 - O conselho de administração executivo, a que se refere a alínea c) do n.º 1 do artigo 278.º, é composto pelo número de administradores fixado nos estatutos.

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2. The company may have a sole director only where its share capital does not exceed EUR 200,000.

2 - A sociedade só pode ter um único administrador quando o seu capital não exceda (euro) 200000.

What we checked in this article

The cross-reference to Article 278(1)(c) and the EUR 200,000 share capital ceiling for a sole director 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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