Grupa Kostiumowa KniejeAssociation

Manner of representation

1. For the validity of a declaration of will concerning the association’s property rights and obligations, two members of the management board acting jointly are authorised, subject to paragraph 2. 2. Acts of ordinary management, in particular: 1. purchasing equipment, furnishings, materials or uniforms, 2. entering into minor contracts necessary for the association’s current operations, up to the amount of PLN 5,000 (five thousand złoty), may be performed independently by one member of the management board. 3. Acts exceeding the value specified in paragraph 2 require action by two members of the management board acting jointly. 4. The signature of a member of the management board is required for the validity of other letters and documents.