Fundacja Instytut KreatywnościFoundation

Manner of representation

1. For making declarations of will in non-property matters on behalf of the foundation and receiving declarations addressed to the foundation, each male or female member of the management board is authorised to act independently. 2. In property matters of the foundation, including concluding agreements and granting powers of attorney, where the value of the obligation: 1) does not exceed, on a one-off basis, PLN 10,000.00 (ten thousand 00/100), each male or female member of the management board is authorised to act independently; 2) exceeds, on a one-off basis, PLN 10,000.00 (ten thousand 00/100), in the case of a multi-member management board, the joint action of two members of the management board at the same time is required, whereas in the case of a one-person management board, the President of the Management Board acts independently.