Pro Obiekt Devsp. z o.o.

Manner of representation

In the event of the appointment of a one-person management board, the company is represented by the President of the Management Board. In the event of a multi-member management board, joint action by two members of the management board is required to submit declarations of will on behalf of the company. The management board is required to obtain the consent of the partners’ meeting, expressed by an absolute majority of votes, in the following matters: a) entering into agreements with a value exceeding PLN 180,000.00; the application of Article 230 of the Commercial Companies Code is excluded, b) incurring credit and loan obligations, regardless of the amount, c) establishing security interests over the company’s assets, d) acquiring or disposing of shares in other companies.