State Act

Portuguese Civil Code, 1867

Article 1256 – Payment made to a shareholder and to society without indication – Where a shareholder receives an amount from any person liable simultaneously to him individually and also to the society he shall allot the amount proportionately to both the credits even if he issues receipt in his sole name. § 1 – If however he issues receipt in the name of the society, the entire amount shall be credited to the credit of the society. § 2 – The provisions of article 728 are excepted but only in case the personal credit of the shareholder is more onerous.