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VI.
The Foundation’s representation
The Foundation is represented by the Chairman against any third parties, courts or the authorities. The Chairman is entitled to independently represent the Foundation. In his/her absence each member of the board may proceed empowered by an authorization the Chairman gives for each particular case.
The board may delegate power of representation to any of its members; the particulars of this delegation are established in the The Organizational and Operational Rules.
József Pál, the Chairman of the board is the party entitled to independently dispose of the Foundation’s bank account.