Fundacja Liceum Francuskiego w WarszawieFoundation

Manner of representation

For the submission of declarations of will on behalf of the foundation, the President is entitled to act independently each time, or joint action by at least two members of the management board is required. Each member of the management board has the right and obligation to conduct the affairs of the foundation. Each member of the management board may, without a prior resolution of the management board, conduct matters not exceeding the scope of the ordinary activities of the foundation. 3. In matters exceeding the scope of the ordinary activities of the foundation, i.e. in the case of performing the following activities: a) concluding agreements giving rise to an obligation on the part of the foundation exceeding the amount of PLN 10,000.00 (ten thousand zlotys); b) incurring and concluding credit, loan and other similar agreements exceeding the amount of PLN 10,000.00 (ten thousand zlotys); c) making by the foundation of payments of any kind exceeding the amount of PLN 10,000.00 (ten thousand zlotys); a prior resolution of the management board is required.