Fundacja RadwanupFoundation

Manner of representation

Declarations of will on behalf of the foundation may be made by each member of the management board independently, except for declarations of will in property matters. In property matters, in the case of a one-person management board, the declaration is made by the President of the Management Board. In the case of a multi-member management board: a) for making declarations on behalf of the foundation consisting in disposing of a right or incurring obligations to provide a performance with a value of PLN 10,000 (ten thousand zlotys) or less, the action of one member of the management board is required; b) for making declarations on behalf of the foundation consisting in disposing of a right or incurring obligations to provide a performance with a value exceeding PLN 10,000 (ten thousand zlotys), the joint action of two members of the management board is required.