9. The landholding corporation is a non-profit association, without share capital and without pecuniary gain to its members; it is governed, subject to the incompatible provisions of this Act, by Part III of the Companies Act (Revised Statutes, 1964, chapter 271) as it existed on 31 January 1979, except that the enumeration in section 220 of the said Act of the sections which do not apply to the landholding corporation reads as follows: 1 to 28; subparagraph q of section 29; 34 to 40; 42 to 73; 76 to 81; subsections 1, 2 and 3 of 83; paragraphs a and b of subsection 2 of 88; 90 and 91; paragraphs j and k of subsection 3 of 95; subsection 4 of 98; 99 and 100; paragraphs d and e of subsection 1, and subsection 2 of 101; 116 and 117; 119.