15. Every corporation constituted under a special Act or general law for one of the objects or purposes mentioned in section 2 may apply to the Inspector General for letters patent constituting its members a corporation governed by this Act.
The Inspector General shall deposit the letters patent in the register, and, subject to such deposit but from the date of the letters patent, the rights, property and obligations of the former corporation shall vest in the new corporation and proceedings that might have been commenced or continued by or against the former corporation may be commenced or continued by or against the new corporation.
1971, c. 75, s. 15 (part); 1982, c. 52, s. 190; 1993, c. 48, s. 401.