1. A company is prohibited from acquiring quota interests or shares in companies that control it, either directly or through companies or persons that meet the requirements set out in Article 483(2), except for acquisitions free of charge, by award in enforcement proceedings brought against debtors, or in the distribution of the assets of companies of which it is a member.
1 - É proibido a uma sociedade adquirir quotas ou acções das sociedades que, directamente ou por sociedades ou pessoas que preencham os requisitos indicados no artigo 483.º, n.º 2, a dominem, a não ser aquisições a título gratuito, por adjudicação em acção executiva movida contra devedores ou em partilha de sociedades de que seja sócia.
2. Acts of acquisition of quota interests or shares in breach of the preceding paragraph are void, unless they are purchases on the Stock Exchange, but in that case Article 485(3) applies to all the shares so acquired.
2 - Os actos de aquisição de quotas ou acções que violem o disposto no número anterior são nulos, excepto se forem compras em Bolsa, mas neste caso aplica-se a todas as acções assim adquiridas o disposto no artigo 485.º, n.º 3.
The ban on acquiring holdings in a controlling company with its three exceptions (free of charge, award in enforcement proceedings, distribution of assets), nullity of infringing acquisitions and the Stock Exchange purchase exception subject to Article 485(3) 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.