Fundacja Eko-FundFoundation

Manner of representation

Declarations of will on behalf of the foundation are made by each member of the management board independently, provided that legal acts intended to: a) dispose of a right or incur an obligation exceeding the scope of ordinary management, i.e. with a value exceeding PLN 15,000.00 (fifteen thousand zloty), b) sell movable or immovable property, c) acquire ownership of immovable property, d) grant a loan, guarantee or surety, e) encumber the foundation’s assets, and f) establish a commercial-law company, require, for their validity, the consent of the President of the Foundation expressed in writing.