Bill PR27, Larry Blake Limited Act, 2015

Bill PR27 2015

An Act to revive Larry Blake Limited

Preamble

Estelle Gotfrit has applied for special legislation to revive Larry Blake Limited. The applicant represents that she is the estate trustee of the estate of Ida Bleistift, who was the sole shareholder of the corporation at the time it was dissolved. The corporation was dissolved under the Business Corporations Act on January 24, 2014 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.  Larry Blake Limited 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 Larry Blake Limited Act, 2015.

Bill PR27 2015

An Act to revive Larry Blake Limited

Preamble

Estelle Gotfrit has applied for special legislation to revive Larry Blake Limited. The applicant represents that she is the estate trustee of the estate of Ida Bleistift, who was the sole shareholder of the corporation at the time it was dissolved. The corporation was dissolved under the Business Corporations Act on January 24, 2014 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.  Larry Blake Limited 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 Larry Blake Limited Act, 2015.

EXPLANATORY NOTE

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