Fundacja PostomiaFoundation

Manner of representation

1. In the event of the appointment of a one-person management board of the foundation, the President of the Management Board of the foundation is authorised to make declarations of will on behalf of the foundation. 2. In the event of the appointment of a multi-member management board of the foundation, subject to section 3, three members of the management board of the foundation acting jointly, including the President or Vice-President of the foundation, are authorised to make declarations of will on behalf of the foundation. 3. Each member of the management board of the foundation is authorised independently to make declarations of will that do not result in the foundation incurring an obligation or disposing of a right.