Bill PR26, 1170517 Ontario Inc. Act, 2015

Bill PR26 2015

An Act to revive 1170517 Ontario Inc.

Preamble

Sandra McEachran has applied for special legislation to revive 1170517 Ontario Inc. The applicant represents that she was a director and the secretary and treasurer of the corporation when it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on March 23, 2011 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to deal with certain property that was held in the corporation's name at the time of 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.  1170517  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 1170517 Ontario Inc. Act, 2015.

Bill PR26 2015

An Act to revive 1170517 Ontario Inc.

Preamble

Sandra McEachran has applied for special legislation to revive 1170517 Ontario Inc. The applicant represents that she was a director and the secretary and treasurer of the corporation when it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on March 23, 2011 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to deal with certain property that was held in the corporation's name at the time of 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.  1170517  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 1170517 Ontario Inc. Act, 2015.

EXPLANATORY NOTE

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