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C-39 - Act respecting certain mutual companies of insurance against fire, lightning and wind
Section 20
Disposition versions
20. The company may pass by-laws respecting the qualification of the persons who elect to form part thereof, and when forty persons, duly qualified according to such by-laws, have signed their names in the subscription books, and the sums subscribed, for which they have bound themselves to effect insurance, amount to $25 000 or more, such persons and those who may thereafter become members of the company, shall, by effecting insurance therein, be considered a corporation according to the provisions of this division, provided that a notice be previously given in the Gazette officielle du Québec.
