29. When a corporation governed by this act, other than a municipal corporation or a fabrique, is concerned, the approval referred to in section 25 is obtained by application made by a resolution of the corporation and submitted to the Commission immediately after the adoption of the proceedings enacting the loan. In such cases, if delays for proceedings are determined by the law governing the corporation, such delays shall cease to run from the date of the resolution applying for approval until the date of the receipt, by the corporation, of the decision of the Commission upon such application for approval.
R. S. 1964, c. 170, s. 27; 1965 (1st sess.), c. 55, s. 8.