1. When, in any part of Québec, five or more persons have signed a memorandum that they have formed an association for the manufacture of butter or cheese, or of both, as the case may be, in a certain place which shall be designated as their principal place of business, and have transmitted three copies of the memorandum to the Inspector General of Financial Institutions, who shall deposit one copy in the register instituted under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45); such persons and all such other persons as may thereafter become members of such society, their heirs, executors, curators, administrators, successors and assigns, respectively, shall be ipso facto a corporation, under the name of the “Butter (or Cheese) Manufacturing Society (or both, as the case may be) of (name of the place where the factory is situated, as mentioned in the memorandum)”.
R. S. 1964, c. 125, s. 1; 1993, c. 48, s. 462.