1. Quota interests redeemed before the entry into force of this law may continue to appear as such in the balance sheet, regardless of whether the articles of association so provide.
1 - As quotas amortizadas anteriormente à entrada em vigor desta lei podem continuar a figurar no balanço como tais, independentemente da existência de estipulação contratual.
2. Public limited companies that, on the date of entry into force of this law, hold own shares may retain them for five years from that date.
2 - As sociedades anónimas que, à data da entrada em vigor desta lei, possuírem acções próprias podem conservá-las durante cinco anos a contar da referida data.
3. Disposals of own shares to third parties during the five years referred to in the preceding paragraph may be decided by the board of directors.
3 - As alienações de acções próprias a terceiros, durante os cinco anos referidos no número anterior, podem ser decididas pelo conselho de administração.
4. Own shares still held by the company at the end of the five years referred to in paragraph 2 shall on that date be automatically cancelled to the extent that they exceed 10% of the share capital.
4 - As acções próprias que a sociedade conservar ao fim dos cinco anos referidos no n.º 2 serão nessa data automaticamente anuladas na parte em que excedam 10% do capital.
The continued balance-sheet presentation of redeemed quota interests, the five-year retention period for own shares, the board of directors' power to decide disposals to third parties, and automatic cancellation of own shares exceeding 10% of the capital 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.