Fundacja Ready4itFoundation

Manner of representation

1. In non-property matters, each member of the management board independently is authorised to make declarations of will on behalf of the foundation and to receive declarations addressed to the foundation. 2. In the foundation’s property matters, including the conclusion of agreements and the granting of powers of attorney, where the value of the obligation: a) is less than or equal to PLN 10,000 on a one-off basis, each member of the management board independently is authorised; b) exceeds PLN 10,000 on a one-off basis–in the case of a multi-member management board, the joint action of two members of the management board simultaneously is required, and in a one-person management board, the President of the Management Board independently is authorised.