Title VII · Criminal provisions

Article 517 Fraudulent participation in a company meeting

Artigo 517.º · Participação fraudulenta em assembleia social

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

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1. Any person who, at a general meeting of members, a special meeting of shareholders or a meeting of bondholders, falsely presents themselves as the holder of shares, quota interests, partnership interests or bonds, or as vested with powers to represent their holders, and votes in that false capacity, is punishable, unless a more severe penalty applies under another statutory provision, by imprisonment for up to 2 years or a fine.

1 - Aquele que, em assembleia geral de sócios, assembleia especial de acionistas ou assembleia de obrigacionistas, se apresentar falsamente como titular de ações, quotas, partes sociais ou obrigações, ou como investido de poderes de representação dos respetivos titulares, e nessa falsa qualidade votar, é punido, se pena mais grave não for aplicável por força de outra disposição legal, com pena de prisão até 2 anos ou com pena de multa.

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2. The same penalty applies to members of the company’s management or supervisory bodies who induce another person to commit the act described in the preceding paragraph, to take part in committing it or to assist in its commission.

2 - A mesma pena é aplicável aos membros dos órgãos de administração ou fiscalização da sociedade que determinarem outrem a executar ou tomar parte na execução do facto descrito no número anterior, ou a auxiliar à sua execução.

What we checked in this article

The requirement that the offender actually votes in the false capacity, the subsidiarity clause, and the extension to members of management or supervisory bodies who induce or assist 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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