38. A cooperative agricultural association may decide to wind up its affairs by the affirmative vote of at least three-fourths of the members present at a general meeting called for such purpose.
In such case, the meeting shall appoint, by a mere majority vote, one or three liquidators who shall be entitled to immediate possession of the property of the association.
Notice of such decision and appointment shall be given forthwith to the Minister of Consumer Affairs, Cooperatives and Financial Institutions and published by him in the Gazette officielle du Québec.
R. S. 1964, c. 124, s. 33; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11.