section 1256
Payment made to a shareholder and to society without indication
The Portuguese Civil Code, 1867General18672540 sections
Statutory text
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.
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