Klub Sportowy Monkey KidsAssociation

Manner of representation

1. Declarations of will in non-property-related matters are made independently by the President of the club or, on the basis of a resolution of the management board, by an authorised member of the management board. 2. In property-related matters: a) up to the amount of PLN 10,000 (PLN) (in words: ten thousand zloty) on a one-off basis – the club is represented independently by the President of the club; b) above the amount of PLN 10,000 – the validity of a legal transaction requires two signatures jointly, one of which must belong to the President and the other to the Vice-President or another member of the management board authorised by a resolution of the management board. 3. If a commercial proxy of the club's management board is appointed, the commercial proxy may independently incur financial obligations on behalf of the club up to the amount specified in the commercial power of attorney and during its validity period, subject to the requirement that the President and a second member of the management board sign the commercial power of attorney document.