1. (1) Fifteen persons or more, Canadian citizens, engaged in the same profession, the same employment or in similar trades, or doing correlated work having for object the establishing of a determined product, may make and sign a memorandum setting forth their intention of forming an association or professional syndicate.
(2) Such memorandum shall indicate:
(a) The name of the association;
(b) Its object;
(c) The names in full, nationality and addresses of the first directors or administrators, to the number of three at least and not more than 15, and the names in full, nationality and addresses of the persons to be the first president and the first secretary;
(d) the address at which its principal office will be situated.
(2.1) The name of an association or syndicate must be in conformity with section 9.1 of the Companies Act (chapter C-38).
(3) The Inspector General may, upon a petition accompanied by the memorandum of the association, authorize the incorporation, as an association or professional syndicate, of the persons who have signed the memorandum and of those who may hereafter be admitted to form part of the association or syndicate.
(4) The Inspector General shall refuse to authorize the incorporation of an association or syndicate where the memorandum of the association or syndicate contains a name not in conformity with any of paragraphs 1 to 6 of section 9.1 of the Companies Act.
(5) The Inspector General shall authorize the incorporation of an association or syndicate by drawing up a notice to that effect, which he shall deposit in the register instituted under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45).
(6) From the date of such deposit, the association or syndicate shall constitute a corporation.