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

Article 433 Cross-references

Artigo 433.º · Remissões

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

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1. Articles 410 and 411 and Article 412(1) and (4) apply to meetings and resolutions of the executive board of directors, with the following adaptations:

1 - Às reuniões e às deliberações do conselho de administração executivo aplica-se o disposto nos artigos 410.º e 411.º e nos n.os 1 e 4 do artigo 412.º, com as seguintes adaptações:

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a) The declaration of nullity and the annulment are matters for the general and supervisory board;

a) A declaração de nulidade e a anulação compete ao conselho geral e de supervisão;

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b) An application for a declaration of nullity or for annulment may be made by any director or member of the general and supervisory board.

b) O pedido de declaração de nulidade ou de anulação pode ser formulado por qualquer administrador ou membro do conselho geral e de supervisão.

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2. Article 396 applies to the security bond to be provided by directors, but exemption from the security bond is a matter for the general and supervisory board.

2 - À caução a prestar pelos administradores aplica-se o disposto no artigo 396.º, mas a dispensa de caução compete ao conselho geral e de supervisão.

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3. Article 402 applies to retirement benefits for directors, but approval of the rules governing them is a matter for the general and supervisory board or, if the articles of association so provide, for the general meeting.

3 - À reforma dos administradores aplica-se o disposto no artigo 402.º, mas a aprovação do regulamento compete ao conselho geral e de supervisão ou, se os estatutos o determinarem, à assembleia geral.

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4. Article 404 applies, with the necessary adaptations, to resignation by a director.

4 - À renúncia do administrador aplica-se, com as necessárias adaptações, o disposto no artigo 404.º

What we checked in this article

The applicable provisions (Articles 410, 411, 412(1) and (4), 396, 402 and 404) and the transfer of the nullity/annulment, security-bond exemption and retirement-rules powers to the general and supervisory board (or, for retirement rules, the general meeting where the articles so provide) 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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