1. Upon the petition of at least five persons of the age of majority and upon payment of the fees exigible, the Inspector General of Financial Institutions may issue an order constituting as a club, clothed with corporate existence, the petitioners and all other persons who thereafter become members thereof; a club thus constituted may acquire and hold all such movable and immovable property as is necessary to accomplish the objects and purposes mentioned in section 2.
The corporate name of a club shall be in conformity with section 9.1 of the Companies Act (chapter C-38).
The Inspector General shall refuse to incorporate a club whose proposed corporate name is not in conformity with any of paragraphs 1 to 6 of section 9.1 of the Companies Act.
The Inspector General may require from the petitioners all information he deems necessary before granting their petition.
The Inspector General shall deposit the order in the register instituted in accordance with the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45).
A tariff of the fees payable for the incorporation of such clubs shall be established and may be amended by the Government, upon the recommendation of the Minister of Finance; such fees to range, according to the importance of the club, from $25 to $50 when all the petitioners are domiciled within Québec, and from $100 to $200 in other cases.
R. S. 1964, c. 204, s. 1; 1969, c. 26, s. 22; 1975, c. 76, s. 11; 1981, c. 9, s. 24; 1982, c. 52, s. 111; 1993, c. 48, s. 209.