4. The Corporation is a non-profit association without share capital and without pecuniary gain for its members; it is governed, subject to the provisions of this Act, by Part III of the Companies Act (Revised Statutes, 1964, chapter 271) as it exists on 28 June 1978, save that the enumeration in section 220 of the said Act of sections which do not apply to the Corporation reads as follows: sections 1 to 17 and 23 to 27, paragraph q of section 29, sections 34 to 40, 42 to 73, 76 to 79, 81, the first three paragraphs of section 83, sections 84 and 85, subsection 3 of section 86, paragraphs a and b of subsection 2 of section 88, sections 89 to 91, paragraphs j and k of subsection 3 of section 95, section 99, subsection 2 of section 100, paragraphs d and e of subsection 1 and subsection 2 of section 101, and sections 117 and 119.