Fundacja Atid Krzewienie Kultury i Sportów IzraelskichFoundation

Manner of representation

In the case of a multi-member management board, declarations of will in the foundation’s property matters, the conclusion of agreements and the granting of powers of attorney are made by two members of the foundation’s management board (joint representation). In the case of a one-person management board, the President is authorized to make declarations of will in the foundation’s property matters, conclude agreements and grant powers of attorney (sole representation). Each member of the foundation’s management board is independently authorized to represent the foundation in matters unrelated to incurring obligations, concluding agreements and granting powers of attorney.