Automobilklub Ziemi CieszyńskiejAssociation

Manner of representation

In non-property matters, the President of the Management Board or the Vice-President represents the association externally, each of them independently. In financial and property matters, the President of the Management Board or the Vice-President independently represents the association externally up to the amount of PLN 15,000.00 (in words: fifteen thousand PLN 00/100) and independently makes declarations of will on behalf of the association. Above this amount, for a declaration of will to be effective, joint action by two members of the management board is required on behalf of the association in financial and property matters. For declarations of will to be valid in matters concerning the association’s property rights and obligations, the following joint action is required: 1. up to the amount of PLN 15,000 (in words: fifteen thousand PLN 00/100) – the President or the Vice-President; 2. above the amount of PLN 15,000 (in words: fifteen thousand PLN 00/100) – two members of the management board.