5. The first meeting of the shareholders of the society shall take place within the eight days following the deposit of the memorandum mentioned in section 1, after a special notice to that effect has been given to the shareholders, by at least two shareholders of the said society; such notice shall be given at least two days before the meeting for the purpose of electing officers and approving the by-laws of the society.
The annual general meetings thereafter and all special meetings of the society shall be regulated by by-law.
R. S. 1964, c. 125, s. 5.