Fundacja SpełnionaFoundation

Manner of representation

1. Each member of the management board, male or female, is authorised to independently submit declarations of will in non-property matters 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: 1) does not exceed PLN 10,000.00 (ten thousand and 00/100) on a one-off basis, each member of the management board, male or female, is authorised to represent the foundation independently; 2) exceeds PLN 10,000.00 (ten thousand and 00/100) on a one-off basis, in the case of a multi-member management board, the joint action of two members of the management board at the same time is required, whereas in a one-person management board the President of the Management Board, male or female, acts independently.