Maintain a common reserve fund equivalent to at least 10% of the annual ordin…
Duties & ObligationsDuty
Legal Reference
Artigo 1436.º n.º 1, alínea m) do Código Civil (aditado pela Lei n.º 8/2022)
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Consequences of Non-Compliance
Lack of a reserve fund can make responding to emergencies unfeasible and lead to negligent management by the administrator.
Duty Details
Duty
Maintain a common reserve fund equivalent to at least 10% of the annual ordinary revenue budget.
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