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Originally Posted by DieselMinded
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Neither of these are really accurate. While you can only have 3 "Adsense for content" advertisements per page, you can also have 3 Link Units and 2 search boxes on that page as well.
You can also have Google Ads in your header and footer, provided you aren't displaying them on member only pages (Use if script = UserCP, Private, etc etc), however Google appears to be very lenient with forums placing of these advertisements, and in the 4+ years I've used adsense on forums I've never had a problem with a global header or footer advertisement.