17. Before the articles of a mixed enterprise company are filed with the Inspector General of Financial Institutions under the Companies Act (chapter C-38), the municipal founder must, in addition to designating a person who will be authorized to sign for the founder, obtain approval of the articles from the Minister of Municipal Affairs and Greater Montréal. The articles shall be filed together with a copy of the document evidencing such approval.
Where the municipal founder is a group, the designation of the person who will sign the articles and the designation of the municipal entity that is a member of the group charged with obtaining the approval of the Minister shall be made by the passage by all municipal entities that are members of the group of resolutions identical as to such designations.
1997, c. 41, s. 17; 1999, c. 43, s. 13.