1. If the chair is not designated in the act appointing the members of the executive board of directors, that board shall choose its chair and may, in that case, replace the chair at any time.
1 - Se não for designado no acto de designação dos membros do conselho de administração executivo, este conselho escolhe o seu presidente, podendo neste caso substituí-lo a todo o tempo.
The board's power to choose and replace its chair at any time where none was designated on appointment, and the cross-reference to Article 395(3) and (4), 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.