122. The Minister, upon the filing of the memorandum of association provided for in section 124 and after taking the advice of the Conseil de la coopération, may authorize the formation of a federation of cooperative associations.
Such memorandum must be signed by at least twelve cooperative associations of the same class, but the Minister may reduce such minimum number to as few as five.
If there is already a federation for such class of associations, the Minister shall notify such federation of the application and shall make no decision before the expiration of thirty days after the date of the notice.
R. S. 1964, c. 292, s. 110; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11.