26. The corporate existence of any syndicate, union, federation or confederation shall terminate whenever the Minister of Consumer Affairs, Cooperatives and Financial Institutions so enacts after having ascertained
(a) that they have ceased to exercise their corporate powers; or
(b) that the number of their members who are Canadian citizens and in good standing is reduced to less than fifteen in the case of a syndicate and to less than three in the case of a union, federation or confederation; or
(c) in the case of a syndicate, when more than one-third of its members are not Canadian citizens.
The order of the Minister of Consumer Affairs, Cooperatives and Financial Institutions shall be effective as from its publication in the Gazette officielle du Québec.
R. S. 1964, c. 146, s. 25; 1966-67, c. 51, s. 2; 1969, c. 26, s. 115; 1975, c. 76, s. 11.