Stowarzyszenie Wspierania Rozwoju Usług w Dziedzinie Opomiarowanie Mediów - Smart MeteringAssociation

Manner of representation

1. The association is represented by the President of the Management Board or by two members of the management board acting simultaneously, up to the amount of liabilities of PLN 5,000 (five thousand złoty). 2. Incurring property-related liabilities exceeding PLN 5,000 (five thousand złoty) requires two-person representation by the management board consisting of the President of the Management Board and one authorised member of the management board, or two authorised members of the management board. 3. Resolutions of the management board concerning the purchase and sale of real estate and the incurring of loans require the signatures of at least three members of the management board.