State Act

Portuguese Civil Code, 1867

Article 1279 – Retirement of shareholder in society for fixed duration - A society, for a specified period, cannot be dissolved by reason of renunciation by any of the shareholders except for a legitimate cause. § Sole paragraph - Legitimate cause is that which arises from incapacity of any of the shareholders for the business of the society, or failure to carry out his duties or any other similar cause, from which there may be irreparable loss to the society.