1. Without prejudice to the preceding Article and to the provisions on affiliated companies, if a company reduced to a single member is declared bankrupt, that member is liable without limit for company obligations incurred after the quota interests or shares became concentrated in that member's hands, provided that it is proved that, during that period, the statutory provisions requiring the company's assets to be devoted to the discharge of its own obligations were not observed.
1 - Sem prejuízo da aplicação do disposto no artigo anterior e também do disposto quanto a sociedades coligadas, se for declarada falida uma sociedade reduzida a um único sócio, este responde ilimitadamente pelas obrigações sociais contraídas no período posterior à concentração das quotas ou das acções, contanto que se prove que nesse período não foram observados os preceitos da lei que estabelecem a afectação do património da sociedade ao cumprimento das respectivas obrigações.
2. The preceding paragraph applies to the period during which that concentration existed if bankruptcy occurs after the plurality of members has been restored.
2 - O disposto no número anterior é aplicável ao período de duração da referida concentração, caso a falência ocorra depois de ter sido reconstituída a pluralidade de sócios.
Sole membership alone is not enough: bankruptcy, post-concentration obligations and breach of asset segregation must be shown.
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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.