35.11. Wherever it applies, Part III of the Companies Act (chapter C-38) shall govern the ward council, subject to sections 35.1 to 35.17 and to the council’s by-laws approved by the Inspector General of Financial Institutions.
However, section 98, except paragraphs j and k of subsection 3 and sections 113, 114 and 123 of that Act, with the necessary modifications, shall apply, subject to sections 35.1 to 35.17 and to the council’s by-laws approved by the Inspector General of Financial Institutions.