Liability is limited: each quotaholder is liable only for their own subscribed contribution, and is jointly liable with the others for the full paid-up of the share capital. Company debts are answered for by the company assets.●VERIFIED ·
Issuing authority
Diário da República — Código das Sociedades Comerciais (DL n.º 262/86, texto consolidado)
Legal instrument
Art. 197.º n.º 1 e n.º 3, CSC
Last verified
Review cadence
quarterly
Notes
Art. 197.º n.º 3: only the company assets answer to creditors for the company’s debts — the "limited liability" of an Lda. This is the statutory principle; it does not displace director/manager liability rules or piercing in abuse cases.
Change history
Initial captureLiability is limited: each quotaholder is liable only for their own subscribed contribution, and is jointly liable with the others for the full paid-up of the share capital. Company debts are answered for by the company assets.
No further changes recorded yet — unchanged since it was first captured.
