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Manner of representation

The President of the Management Board is entitled to represent the association independently in all matters, in particular to make declarations of will, incur obligations, conclude agreements, dispose of the association’s financial resources, represent the association before public administration authorities, courts, banks and other entities, and sign all documents and letters. If acting without the participation of the President of the Management Board, joint action by the Vice-President of the Management Board and a member of the management board is required.