Bill PR8, 1397399 Ontario Inc. Act, 2002

Bill Pr8 2002

An Act to revive
1397399 Ontario Inc.

Preamble

Robert Boomsma has applied for special legislation to revive 1397399 Ontario Inc. The applicant represents that he was the sole director and shareholder of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on September 20, 2000 for failure to comply with subsection 115 (2) of that Act. The applicant represents that this default was inadvertent and that business has been carried on in the name of the corporation despite the dissolution.

It is appropriate to grant the application.

Therefore, Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:

Corporation revived

1. 1397399 Ontario Inc. is revived and is, subject to any rights acquired by any person after its dissolution, restored to its legal position, including all its property, rights, privileges and franchises and subject to all its liabilities, contracts, disabilities and debts, as of the date of its dissolution, in the same manner and to the same extent as if it had not been dissolved.

Commencement

2. This Act comes into force on the day it receives Royal Assent.

Short title

3. The short title of this Act is the 1397399 Ontario Inc. Act, 2002.

Bill Pr8 2002

An Act to revive
1397399 Ontario Inc.

Preamble

Robert Boomsma has applied for special legislation to revive 1397399 Ontario Inc. The applicant represents that he was the sole director and shareholder of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on September 20, 2000 for failure to comply with subsection 115 (2) of that Act. The applicant represents that this default was inadvertent and that business has been carried on in the name of the corporation despite the dissolution.

It is appropriate to grant the application.

Therefore, Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:

Corporation revived

1. 1397399 Ontario Inc. is revived and is, subject to any rights acquired by any person after its dissolution, restored to its legal position, including all its property, rights, privileges and franchises and subject to all its liabilities, contracts, disabilities and debts, as of the date of its dissolution, in the same manner and to the same extent as if it had not been dissolved.

Commencement

2. This Act comes into force on the day it receives Royal Assent.

Short title

3. The short title of this Act is the 1397399 Ontario Inc. Act, 2002.

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EXPLANATORY NOTE

The purpose of the Bill is set out in the Preamble.