Stowarzyszenie Rzeczoznawców Majątkowych Ziemi ŁódzkiejAssociation

Manner of representation

1. In relations with other entities, the association is represented by the President or a member of the management board authorised by the President. 2. With respect to the association’s proprietary rights and obligations exceeding, in a single transaction, the amount of PLN 5,000 (in words: five thousand złoty), the signatures of at least two members of the management board acting jointly, including the President or Vice-President of the Management Board, are required, subject to section 3. 3. In the case of activities specified in section 2, the President or Vice-President may grant an attorney-in-fact authorisation to other members of the management board for the purpose of joint representation.