Chapter III · Articles of association · Section III · The company before registration. Invalidity of the articles

Article 47 Effects of annulment of the articles of association

Artigo 47.º · Efeitos da anulação do contrato

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

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A member who obtains annulment of the articles in the cases provided for in Article 45(2) and Article 46 is entitled to recover what that member contributed and may not be required to complete the contribution; however, where annulment is based on a defect of consent or usury, that member is not released, as against third parties, from any liability imposed by law for the company's obligations arising before registration of the proceedings or of the judgment.

O sócio que obtiver a anulação do contrato, nos casos do n.º 2 do artigo 45.º e do artigo 46.º, tem o direito de reaver o que prestou e não pode ser obrigado a completar a sua entrada, mas, se a anulação se fundar em vício da vontade ou usura, não ficará liberto, em face de terceiros, da responsabilidade que por lei lhe competir quanto às obrigações da sociedade anteriores ao registo da acção ou da sentença.

What we checked in this article

Restitution and unpaid contribution release are distinguished from continuing third-party liability.

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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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