Fundacja Szczęśliwa PrzystańFoundation

Manner of representation

1. In the case of a one-person management board, declarations of will on behalf of the foundation shall be made independently by the President. 2. In the case of a multi-member management board, in non-property matters, declarations of will on behalf of the foundation may be made independently by each member of the management board. 3. In the case of a multi-member management board, in property matters with a value not exceeding PLN 30,000, declarations of will on behalf of the foundation may be made independently by the President or by two members of the management board acting jointly. 4. In the case of a multi-member management board, in property matters with a value exceeding PLN 30,000, declarations of will on behalf of the foundation shall be made by the President jointly with another member of the management board. 5. The management board may appoint attorneys-in-fact, specifying the scope of their powers.