Chapter III · Group relationships · Section III · Subordination agreement

Article 496 Cross-reference

Artigo 496.º · Remissão

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

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1. The provisions on mergers of companies apply, wherever possible, to the examination of the draft, the convening of the general meetings, the inspection of documents, the holding of the general meetings and the requirements for their resolutions.

1 - À fiscalização do projecto, à convocação das assembleias, à consulta dos documentos, à reunião das assembleias, e aos requisitos das deliberações destas aplica-se, sempre que possível, o disposto quanto à fusão de sociedades.

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2. Where the conclusion or modification of an agreement between a controlling company and a dependent company is concerned, it is further required that not more than half of the outside members of the dependent company have voted against the relevant proposal.

2 - Quando se tratar da celebração ou da modificação de contrato celebrado entre uma sociedade dominante e uma sociedade dependente, exige-se ainda que não tenha votado contra a respectiva proposta mais de metade dos sócios livres da sociedade dependente.

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3. The resolutions of the two companies shall be communicated to their respective members by registered letter in the case of members of private limited companies or holders of registered shares; in other cases, the communication shall be made by means of a notice.

3 - As deliberações das duas sociedades são comunicadas aos respectivos sócios por meio de carta registada, tratando-se de sócios de sociedades por quotas ou de titulares de acções nominativas; nos outros casos, a comunicação é feita por meio de anúncio.

What we checked in this article

The application of the merger rules wherever possible, the requirement that no more than half of the outside members of a dependent company vote against, and the registered-letter or notice method of communication 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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