Fundacja Mam Tę MocFoundation

Manner of representation

Declarations of will on behalf of the foundation shall be made, in the case of a one-person management board, by the President. In the case of a multi-member management board, declarations of will in property matters: 1. up to the amount of PLN 2,500.00 (in words: two thousand five hundred złoty) gross may be made by each member of the management board independently; 2. up to an amount not exceeding PLN 5,000.00 (in words: five thousand złoty) gross, but higher than PLN 2,500.00 (in words: two thousand five hundred złoty) gross, may be made by two members of the management board acting jointly; 3. up to the amount of PLN 5,000.00 (in words: five thousand złoty) gross may be made by the President independently. In property matters exceeding PLN 5,000.00 (in words: five thousand złoty) gross, the signatures of two members of the management board acting jointly, including the President, shall be required, provided that in property matters exceeding PLN 20,000.00 (in words: twenty thousand złoty) gross, prior approval of the Founders’ Assembly expressed in the form of a resolution shall be required. In the case of a multi-member management board, declarations of will in non-property matters may be made by each member of the foundation’s management board acting independently.