Chapter X · Dissolution of the company

Article 464 Dissolution

Artigo 464.º · Dissolução

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

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1. A resolution to dissolve the company shall be adopted in accordance with Article 383(2) and (3) and Article 386(3), (4) and (5); the articles of association may require a higher majority or other requirements.

1 - A deliberação de dissolução da sociedade deve ser tomada nos termos previstos no artigo 383.º, n.os 2 e 3, e no artigo 386.º, n.os 3, 4 e 5, podendo o contrato exigir uma maioria mais elevada ou outros requisitos.

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2. The mere will of one or more members, where not expressed in the resolution provided for in the preceding paragraph, may not constitute a ground for dissolution under the articles of association.

2 - A simples vontade de sócio ou sócios, quando não manifestada na deliberação prevista no número anterior, não pode constituir causa contratual de dissolução.

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3. Public limited companies may be dissolved by administrative means where, for a period exceeding one year, the number of shareholders is below the minimum required by law, unless one of the shareholders is a public-law legal person or an entity treated as such by law for that purpose.

3 - As sociedades anónimas podem ser dissolvidas por via administrativa quando, por período superior a um ano, o número de accionistas for inferior ao mínimo exigido por lei, excepto se um dos accionistas for pessoa colectiva pública ou entidade a ela equiparada por lei para esse efeito.

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4. (Repealed.)

4 - (Revogado.)

What we checked in this article

The cross-references to Article 383(2) and (3) and Article 386(3) to (5), the option of a higher majority, the bar on dissolution at a member's mere will, the more-than-one-year period below the minimum number of shareholders with the public-entity exception, and the repealed paragraph 4 are retained.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.

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