Fundacja Rozwoju Doliny OpatówkiFoundation

Manner of representation

1. In the case of a multi-member management board, the President of the Management Board or the Vice-President of the Management Board is independently authorised to submit declarations of will and incur liabilities on behalf of the foundation, or any two members of the management board acting jointly, except that the incurring of pecuniary liabilities and dispositions and expenditures exceeding 100,000 złoty require the joint action of two members of the management board, at least one of whom is the President or Vice-President of the Management Board. 2. In the case of a one-person management board, the President of the Management Board is authorised to submit declarations of will and incur liabilities on behalf of the foundation.