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Manner of representation

The President of the Association directs the current activities of the Association and, between meetings of the Association's management board, independently makes decisions appropriate to the powers vested in him. Under authorization from the President, the other members of the Association's management board represent the Association externally and act on its behalf. The President of the management board is independently entitled to incur financial obligations on behalf of the Association, as are other persons authorized by him within a specified scope.