Kolejowa Spółdzielnia Mieszkaniowa WschódCooperative

Manner of representation

In the event of the declaration of bankruptcy, the supervisory board shall perform, in accordance with § 108 and § 94 of the statutes, the functions reserved in the statutes for the management board, except for powers which, pursuant to bankruptcy law, have been reserved to the exclusive competence of the bankruptcy trustee. In accordance with § 94 of the statutes, a declaration of will on behalf of the cooperative within the scope specified above shall be submitted by at least two members of the management board or by one member of the management board and an attorney-in-fact, in such a manner that the authorised persons affix their signatures under the name of the cooperative. In all other respects, the provision of § 95 of the statutes attached to the registration files and registered on 28 November 2007 shall apply accordingly, as a consolidated text pursuant to Resolution No. 1/2007.