Chapter I · Common provisions

Article 465 Definition

Artigo 465.º · Noção

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

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1. In a limited partnership (sociedade em comandita), each limited partner is liable only up to the amount of that partner’s contribution; the general partners are liable for the company’s debts on the same terms as the members of a general partnership.

1 - Na sociedade em comandita cada um dos sócios comanditários responde apenas pela sua entrada; os sócios comanditados respondem pelas dívidas da sociedade nos mesmos termos que os sócios da sociedade em nome colectivo.

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2. A private limited company or a public limited company may be a general partner.

2 - Uma sociedade por quotas ou uma sociedade anónima podem ser sócios comanditados.

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3. In a limited partnership (comandita simples), the capital is not represented by shares; in a partnership limited by shares, only the limited partners’ interests are represented by shares.

3 - Na sociedade em comandita simples não há representação do capital por acções; na sociedade em comandita por acções só as participações dos sócios comanditários são representadas por acções.

What we checked in this article

The limited partner's liability confined to the contribution, the general partners' unlimited liability as in a general partnership, the eligibility of private and public limited companies as general partners, and share representation only of limited partners' interests in a partnership limited by shares 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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