The chairman of the board is entitled to represent the association and submit declarations of will, including to incur property liabilities for the association. If the management board has multiple members to make declarations of will, including to incur property liabilities for the association, the joint action of two members of the central management board or the president of the board itself is required. Making legal transactions in property matters with payable acquisition, and also any sale of real estate, perpetual usufruct or share in real estate, sale and lease of an enterprise or its organized part and establishment of limited property rights on them, requires the consent of the general meeting of members, expressed in a resolution. The consent of the general meeting of members expressed in the resolution also requires incurring financial liabilities in excess of PLN 2,000.00 (say: two thousand zlotys).
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