27. The general meeting shall be held each year, within the sixty days following the close of the fiscal term, to take cognizance of the annual report for the previous term and to consider generally the business of the association. Such meeting shall be called in the manner prescribed by the by-laws.
The first meeting held for the organization of a newly formed association and for the election of officers and the passing of by-laws may be held at any time. The notice calling the meeting shall be given by the person designated by the majority of those who have signed the memorandum constituting the association and mentioned in section 12. The officers elected at such meeting shall remain in office during the current term and, in all cases, until the election of their successors.
R. S. 1964, c. 294, s. 27.