218. The Minister of Consumer Affairs, Coopératives and Financial Institutions may, by letters patent under his hand and seal, grant a charter to any number of persons, not less than three, who apply therefor, for objects of a national, patriotic, religious, philanthropic, charitable, scientific, artistic, social, professional, athletic or sporting character, or the like, but without pecuniary gain.
Such charter shall constitute such persons, and others who have become subscribers to the application and memorandum hereinafter mentioned and who thereafter become members of the corporation thereby created, a body corporate and politic for any of the purposes or objects above set forth or other objects of the same nature, and for no other purpose.
The letters patent issued by the Minister under his hand and seal shall have the same effect as if they were issued by the Lieutenant-Governor under the Great Seal.
R. S. 1964, c. 271, s. 214; 1969, c. 26, s. 48; 1975, c. 76, s. 11.