1. Cooperative syndicates for consumption, production, credit, provident or any other economical purposes, may be formed at any place in Québec under this act.
The by-laws shall define the limits of the territory within which the association may operate, and which shall in no case exceed the limits of a provincial electoral district.
Nevertheless, in cities and towns including more than one provincial electoral district, the territory within which the association shall operate may be that fixed by the territorial limits of the cities and towns where the associations have their head offices.
R. S. 1964, c. 294, s. 1.