Chapter IX · Capital increases and reductions

Article 461 Indirect subscription

Artigo 461.º · Subscrição indirecta

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

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1. The general meeting resolving on the capital increase may also resolve that the new shares be subscribed for by a financial institution, which shall undertake to offer them to the shareholders or to third parties on the terms agreed between the company and the institution, but always in compliance with the preceding Articles.

1 - A assembleia geral que deliberar o aumento de capital pode também deliberar que as novas acções sejam subscritas por uma instituição financeira, a qual assumirá a obrigação de as oferecer aos accionistas ou a terceiros, nas condições estabelecidas entre a sociedade e a instituição, mas sempre com respeito pelo disposto nos artigos anteriores.

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2. The preceding paragraph applies to capital increases resolved by the management body.

2 - O disposto no número anterior é aplicável aos aumentos de capital deliberados pelo órgão de administração.

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3. The shareholders shall be notified by the company, by public notice, of the resolution adopted in accordance with the preceding paragraphs.

3 - Os accionistas serão avisados pela sociedade, por meio de anúncio, da deliberação tomada, de harmonia com os números antecedentes.

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4. Article 459 applies to the financial institution subscribing for the new shares under paragraph 1 of this Article.

4 - O disposto no artigo 459.º aplica-se à instituição financeira subscritora das novas acções nos termos previstos no n.º 1 deste artigo.

What we checked in this article

The subscription by a financial institution bound to offer the shares to shareholders or third parties subject to the preceding Articles, the extension to increases resolved by the management body, the notice to shareholders and the application of Article 459 to the institution 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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