What are the limitations on the board of directors' authority regarding loan agreements, property sales, mortgages, debtors, conciliation, and arbitration?
The board of directors may not enter into loan agreements for terms exceeding three years, sell the Company's property or business premises, mortgage the movable and immovable property of the Company, discharge debtors of the Company from their obligations, enter into amicable conciliation or agree on arbitration, unless such acts are authorized under the AOA of the Company or fall within the objects of the Company by nature.