section 1261
Liability of the society to individual shareholder
The Portuguese Civil Code, 1867General18672540 sections
Statutory text
The firm shall be liable to an individual shareholder not only for the amounts spent by him for the benefit of the society, as also for the liabilities incurred by him in good faith in the business of the society, as well as resulting from the risks inherent to the administration entrusted to the said individual shareholder.
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