221. Any existing corporation created by or under any special or general act for any of the objects mentioned in section 218 may apply under this Part for the issue of letters patent creating it a corporation under this Part, and the Minister may issue such letters patent incorporating the members of the said corporation as a corporation governed by the provisions of this Part.
Notice of the granting of the letters patent shall be forthwith given by the Minister or the deputy minister of Consumer Affairs, Cooperatives and Financial Institutions by one insertion in the Gazette officielle du Québec , as in the form prescribed by the Minister; and, subject to such publication, but counting from the issue of such letters patent, all the rights, property and obligations of the former corporation shall be and become transferred to the new corporation, and all proceedings may be continued or commenced by or against the new corporation that might have been continued or commenced by or against the old corporation.
The corporation shall thereafter be governed in all respects by the provisions of this Part, except that the liability of the members to creditors of the old corporation shall remain as at the time of the issue of the letters patent.
R. S. 1964, c. 271, s. 217; 1966-67, c. 72, s. 23; 1969, c. 26, s. 49; 1972, c. 61, s. 23; 1975, c. 76, s. 11.