3. The members of any such club may adopt such by-laws, rules and regulations for the management of their affairs as they see fit.
As soon as such by-laws, rules and regulations have received the approval of the Minister of Consumer Affairs, Cooperatives and Financial Institutions, they shall have full force and effect.
R. S. 1964, c. 204, s. 3; 1969, c. 26, s. 24; 1975, c. 76, s. 11.