139. A cooperative syndicate wishing to pursue objects permitted by section 3 or 4 may cease to be governed by Cooperative Syndicates Act (chapter S-38) and become an association governed by this act.
For such purpose it shall send to the Minister an application in duplicate in conformity with form 4.
If the Minister, after taking the advice of the Conseil de la coopération, approves such application, he shall so signify by affixing his signature to both copies.
Notice of such approval shall be published in the Gazette officielle du Québec at the expense of the syndicate and, from such publication, the applicant shall become a cooperative association governed by this act.
After the publication of such notice, one of the copies of the application shall be deposited in the archives of the Ministère des consommateurs, coopératives et institutions financières and the other shall be returned to the association.
R. S. 1964, c. 292, s. 123; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1977, c. 5, s. 14.