Chapter III · Group relationships · Section III · Subordination agreement

Article 504 Duties and liability

Artigo 504.º · Deveres e responsabilidades

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

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1. The members of the management body of the directing company must adopt, in relation to the group, the diligence required by law for the management of their own company.

1 - Os membros do órgão de administração da sociedade directora devem adoptar, relativamente ao grupo, a diligência exigida por lei quanto à administração da sua própria sociedade.

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2. The members of the management body of the directing company are also liable to the subordinate company under Articles 72 to 77 of this law, with the necessary adaptations; the liability action may be brought by any outside member or shareholder of the subordinate company in the name of that company.

2 - Os membros do órgão de administração da sociedade directora são responsáveis também para com a sociedade subordinada, nos termos dos artigos 72.º a 77.º desta lei, com as necessárias adaptações; a acção de responsabilidade pode ser proposta por qualquer sócio ou accionista livre da sociedade subordinada, em nome desta.

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3. The members of the management body of the subordinate company are not liable for acts or omissions committed in carrying out lawful instructions received.

3 - Os membros do órgão de administração da sociedade subordinada não são responsáveis pelos actos ou omissões praticados na execução de instruções lícitas recebidas.

What we checked in this article

The group-wide standard of diligence, the liability of the directing company's management body to the subordinate company under Articles 72 to 77 with the right of any outside member to sue on its behalf, and the exemption for executing lawful instructions 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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