Companies Law

A manager shall not engage in any activities beyond the company’s purposes, except pursuant to a decision by the partners or an explicit stipulation in the company’s articles of incorporation. Such prohibition shall specifically apply to the following activities: a) Setting up or shutting down company branches. b) Making donations, except for usual small donations. c) Binding the company to act as a guarantor to another party. d) Conciliating the company’s rights. e) Selling or pledging the company’s real property, unless the sale falls within the company’s purposes. f) Selling or pledging the company’s place of business (store). g) Obtaining loans on behalf of the company.