69. If any society neglect, for two years, to comply with the provisions of this act, the Minister of Agriculture, Fisheries and Food may declare it dissolved, may realize all its assets and employ the proceeds in paying the debts of the society, and any surplus of assets over liabilities may be used for the encouragement of agricultural institutions, and for the benefits of the interests of agriculture generally in the county where such society existed.
Where a society is dissolved by the Minister, the latter shall send an act of dissolution to the Inspector General, who shall deposit it in the register.
The society is dissolved from the date fixed by the Minister or from the date of deposit of the act in the register.
R. S. 1964, c. 112, s. 69; 1973, c. 22, s. 22; 1979, c. 77, s. 21; 1993, c. 48, s. 448.