Fundacja Instytut Analiz Gospodarczych I SystemowychFoundation

Manner of representation

Declarations of will on behalf of the foundation, including in property matters, may be made by: a. in the case of a one-person management board, the President of the Management Board; b. in the case of a multi-member management board, the President of the Management Board independently in the case of liabilities whose value does not exceed PLN 10,000, and on the basis of a resolution of the management board in the case of liabilities whose value exceeds PLN 10,000. For recurring liabilities, the value of the liability is determined as the equivalent of the liability for a period of 3 months.