section 1266
Powers of the administration
The Portuguese Civil Code, 1867General18672540 sections
Statutory text
A shareholder entrusted with the administration by a specific clause, may do all acts relating to the said administration, without depending on the approval or disapproval of the other shareholders except if he acts fraudulently.
§ Sole Paragraph - These powers of the administrative shareholder shall remain so long as the society remains and may only be revoked for a legitimate cause.
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