Legislator Case Law & Legislation
070166 AI generated

Social capital quotas held by the company itself are excluded from the three-quarters majority calculation under Article 41.

Case Number 070166
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The court unanimously ruled that social capital quotas belonging to the company itself must be excluded when calculating the three-quarters majority required for social resolutions. The plaintiff argued that these internal holdings should count toward the threshold, but the court found this interpretation inconsistent with the legislative intent of Article 41 of the Companies Law. Consequently, the request to review the resolution was denied because the company's own shares do not constitute a valid majority for such decisions.

Legislator headnote

Official

SOCIEDADE POR QUOTAS DELIBERAÇÃO SOCIAL

Keywords

AI generated
social capital quotas three-quarters majority company own shares social resolutions Companies Law Article 41 deliberation threshold unanimous decision

Cited Legislation

AI generated
Article 41 of the Companies Law

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Full text

[Nº CONVENCIONAL] JSTJ00003650

[Nº DO DOCUMENTO] SJ198212020701661

[PRIVACIDADE] 1

[REFERENCIA DE PUBLICACAO] BMJ N322 ANO1982 PAG351

[TEXTO INTEGRAL] N

[URL] https://www.dgsi.pt/jstj.nsf/954f0ce6ad9dd8b980256b5f003fa814/7CABCCF419FE1234802568FC00396BAD?OpenDocument

SUMÁRIO

A parte do capital social correspondente as quotas pertencentes a propria sociedade não deve ser considerada para o efeito do calculo das tres quartas partes a que alude o artigo 41 da Lei das Sociedades por Quotas.