Section 12
SEC. 12. Section forty-one of Act Numbered Twenty-five hundred and eight, as amended by Act Numbered Thirty-seven hundred and forty-seven, is hereby further amended to read as follows: "SEC 41. Agricultural Credit Cooperative Association may be dissolved: "(a) Uponexpiration of the limit prescribed in the articles of incorporation. "(b) By resolution of the stockholders' general assembly adopted by two-thirds vote of all members at a special meeting called for the purpose,and with theb approval of the Director of Commerce. "(c) On account of bankruptcy of insolvency of the association. "(d) By order of the Secretary of Agriculture and Commerce and upon the recommendation of the Director of Commerce, wherever it shall appear to the satisfaction of the said officials that the business of said assiciation is being transacted fraudulently, or is causing, or is liable to cause, injury to the public or to any person whomsoever, or that the said association has been consistently disobeying and is still persisting to disobey the orders of the Director of Commerce and /or the Secretary of Agriculture and Commerce or when there is sufficient evidence that the business is said assocaition is being neglected by the board of directors: Provided, That the provision of the corporation Law regarding voluntary or involuntary dissolution of a corporation to the contrary nothwithstanding, the Secretary of Agriculture and Commerce is hereby empowered to issue rules and regulations relative to the mannerin which the liquidation of the business of the association dissolved in any case provided in this Act shall be conducted abd designate the Director of Commerce or any of his duly authorized representatives to act as the receiver of the association in the liquidation and to attend to the enforcement of this Act: Provided, further, That any order issued by the Secretary of Agriculture and Commerce dissolving of decreeing the dissolution of any association specified in the preceding subsections, under any of the terms above mentioned, shall be made in writing and a copy thereof filed in the mercantile registry of the Bureau of Commerce: Provided, finally, That the decision of the Secretary of Agriculture and Commerce decreeing the dissolution of any association shall be final and conclusive."