Often roughly translated to the Company of 100 associates", the "Company of the 100 Associates" and even La "Compagnie de la Nouvelle-France", the Compagnie des Cent-Associés was the brtain child of a senior official of the French king Louis XIII. The initial funding for the enterprise came from 100 private stakeholders; hence the name. The idea was to create a privately-funded agency to settle  the tenuous land holdings of France in North Americ. Louis XIII was clear in the charter creating the  Company that theCompagnie des Cent-Associés mandate was to settle the French territories in North American with French-speaking Roman Catholics. The Compagnie des Cent-Associés was given full control over the fledging Fort at Québec City and all other French holdings in North America which were then substantia, described by Pothies as:

"... tout le pays de la Nouvelle-France, dite Canada », dont le territoire s'étend, d'est en ouest, de l'île de Terre-Neuve « jusqu'au Grand lac de la mer douce et au-delà », et du sud au nord, de la Floride jusqu'à l'Arctique. Parmi les privilèges octroyés par Sa Majesté figure le monopole de la traite des fourrures. La compagnie s'engage à établir 4 000 colons en quinze ans, dont 300 dès la première année."



Immediately, the agency found its work interfered with by the ongoing war between English and the French. The first four vessels sent to Canada were captured by the English and in 1629, the fort at Québec fell to the English as well.
In 1660, Louis XIV became King of France and when he audited the progress of ther Compagnie, he realized that it had been an abject failure. In 1663, the Compagnie des cent associés was wound up and stripped of any authority in New France.

In the official papers that the dispossessed the Compagnbie of the French holdings in North America and return them to the authority of the French monarchy, Louis XIV decreed that the law of the (French) kingdom would henceforth apply throughout the North American colonies. This marked the official point at which European and French law applied in North America.
 

References and citations

    Pothier cited by Lareau, Edmond, l'Histoire du Droit Français Depuis les Origines de la Colonie jusqu'aqu'a Nos Jours (Montreal: A. Periard, Libraire-EDiteur, 1888),p. 138.
  • >