Glossary entry (derived from question below)
Portuguese term or phrase:
executar a quota
English translation:
execute the share
Added to glossary by
Heather Phillips
Dec 14, 2018 10:28
5 yrs ago
1 viewer *
Portuguese term
executar a quota
Portuguese to English
Bus/Financial
Business/Commerce (general)
By laws (relating to transfer/sale of shares
This part of the CAPITULO is dealing with the amortization of shares (amorisaçao de quotas). The document is from MOZAMBIQUE.
2. By resolution of the General Shareholders’ Meeting, the Company may dismiss shareholders and consequently amortize shares in the following cases:
"e. no caso do arrolamento ou arresto da quota ordenada por um tribunal com fins de executar ou distribuir a quota"
I have translated this, so far, as "e. In the case of lien on or attachment of the share by order of a court for the purposes of ..."
I can't find any hits for executing shares, but only executing rights relating to a share, such as right to sell, etc. Does this mean to get the share out of the hands of the current shareholder and distribute (sell) it to another shareholder or put it back into circulation for the purposes of sale? I'm a bit stumped by this. Thank you for all contributions.
2. By resolution of the General Shareholders’ Meeting, the Company may dismiss shareholders and consequently amortize shares in the following cases:
"e. no caso do arrolamento ou arresto da quota ordenada por um tribunal com fins de executar ou distribuir a quota"
I have translated this, so far, as "e. In the case of lien on or attachment of the share by order of a court for the purposes of ..."
I can't find any hits for executing shares, but only executing rights relating to a share, such as right to sell, etc. Does this mean to get the share out of the hands of the current shareholder and distribute (sell) it to another shareholder or put it back into circulation for the purposes of sale? I'm a bit stumped by this. Thank you for all contributions.
Proposed translations
(English)
4 +1 | execute the share | Guilherme Silva |
4 +1 | seize the share(s) | Gilmar Fernandes |
References
Execution of shares | Guilherme Silva |
Proposed translations
+1
1 hr
Selected
execute the share
4 KudoZ points awarded for this answer.
Comment: "Thank you, this fits the bill perfectly :)"
+1
3 hrs
seize the share(s)
https://corporatefinancelab.org/2017/04/20/legal-seizure-of-...
www.presidencia.gov.mz/por/content/download/.../1/.../BR 51...
ARTIGO SÉTIMO
(Amortização de quota)
Um) A sociedade poderá proceder à amortização de quotas, mediante deliberação dos sócios, nos seguintes casos:
a) Por falta de pagamento das prestações acessórias de capital ou suprimentos
dos sócios devidamente aprovada, dentro do prazo fixado pelos sócios;
b) No caso de dissolução ou falência de qualquer dos sócios que seja pessoa
colectiva;
c) Duas ausências consecutivas do sócio ou seu representante nas reuniões da
assembleia geral, ordinária ou extraordinária, regularmente convocadas;
d) Por acordo com o sócio, fixando-se no acordo o preço e as condições de
pagamento;
e) No caso do arrolamento ou arresto da quota ordenada por um tribunal com
fins de **executar** ou distribuir a quota;
f) A quota será ainda amortizada no caso da exoneração por um sócio nos
casos previstos nos artigos trezentos e quatro e trezentos e cinco do Código Comercial.
www.presidencia.gov.mz/por/content/download/.../1/.../BR 51...
ARTIGO SÉTIMO
(Amortização de quota)
Um) A sociedade poderá proceder à amortização de quotas, mediante deliberação dos sócios, nos seguintes casos:
a) Por falta de pagamento das prestações acessórias de capital ou suprimentos
dos sócios devidamente aprovada, dentro do prazo fixado pelos sócios;
b) No caso de dissolução ou falência de qualquer dos sócios que seja pessoa
colectiva;
c) Duas ausências consecutivas do sócio ou seu representante nas reuniões da
assembleia geral, ordinária ou extraordinária, regularmente convocadas;
d) Por acordo com o sócio, fixando-se no acordo o preço e as condições de
pagamento;
e) No caso do arrolamento ou arresto da quota ordenada por um tribunal com
fins de **executar** ou distribuir a quota;
f) A quota será ainda amortizada no caso da exoneração por um sócio nos
casos previstos nos artigos trezentos e quatro e trezentos e cinco do Código Comercial.
Peer comment(s):
agree |
Mario Freitas
: Yup, seize or attach. Executar is very rarely to execute.
12 hrs
|
Thanks Mario :) Yes, "false friend" as we know it in our translation business.
|
Reference comments
18 mins
Reference:
Execution of shares
I have found this reference on the term execution of shares:
A share in a company is a property law of a transferable type. It is subject to execution just like any other property law. However, a limited liability company agreement might restrict this conduct of law transactions and, which is directly connected herewith, restrict the execution
https://www.hg.org/legal-articles/execution-of-shares-in-a-l...
A share in a company is a property law of a transferable type. It is subject to execution just like any other property law. However, a limited liability company agreement might restrict this conduct of law transactions and, which is directly connected herewith, restrict the execution
https://www.hg.org/legal-articles/execution-of-shares-in-a-l...
Note from asker:
That's really interesting Guilherme, thank you. I didn't realise this was the case with shares, that they were a law... I looked for execution of shares but didn't find anything myself. I may use this since it is closer to the literal meaning. |
Discussion
https://dicionario.priberam.org/executar