Stowarzyszenie Promocji Sportu, Rekreacji i Aktywności Fizycznej FlowAssociation

Manner of representation

1. In non-property matters, each member of the management board may act independently. In property matters up to the amount of PLN 30,000.00, the President of the Management Board acts independently or two members of the management board acting jointly. In property matters exceeding PLN 30,000.00, the joint action of two members of the management board is required. Representation through an attorney-in-fact appointed in accordance with the provisions of § 24 section 2 is permitted. 2. The management board may grant one member of the management board or another person a power of attorney for acts of a specified type or specific acts. A member of the management board may be appointed as an independent attorney-in-fact for acts of a specified type or specific acts also where, under the association's statute, that member is authorised to represent it only jointly with another person.