4. Such by-law must be approved by the vote of at least two-thirds in value of the shares represented by the shareholders present at a meeting called for that purpose.
In the case of a legal person without share capital, such by-law must be approved by the vote of at least two-thirds of the members present at such meeting.
R. S. 1964, c. 275, s. 4; 1968, c. 73, s. 1; 1999, c. 40, s. 214.