Centrum Ubezpieczeń Tres Fudala, Balsp. j.

Manner of representation

Each partner may, without a prior resolution of the partners, conduct all affairs that do not exceed the scope of the ordinary activities of the partnership, represent the partnership independently in such matters and independently make all declarations of will on behalf of the partnership within this scope. However, matters exceeding the scope of the ordinary activities of the partnership are deemed exclusively to be matters resulting in a one-time liability of the partnership exceeding PLN 30,000 (in words: thirty thousand zlotys), and in such cases the consent of at least two partners is required to represent the partnership and to make a declaration of will on behalf of the partnership.