Bill PR33, Stephanie Holdings Ltd. Act, 2016

Bill PR33 2016

An Act to revive Stephanie Holdings Ltd.

Preamble

Sami Benaich has applied for special legislation to revive Stephanie Holdings Ltd.  The applicant represents that he was the sole director of the corporation when it was dissolved.  The corporation was dissolved under the Business Corporations Act on June 11, 1994 for failure to comply with the Corporations Information Act.  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.  Stephanie Holdings Ltd. 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 Stephanie Holdings Ltd. Act, 2016.

Bill PR33 2016

An Act to revive Stephanie Holdings Ltd.

Preamble

Sami Benaich has applied for special legislation to revive Stephanie Holdings Ltd.  The applicant represents that he was the sole director of the corporation when it was dissolved.  The corporation was dissolved under the Business Corporations Act on June 11, 1994 for failure to comply with the Corporations Information Act.  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.  Stephanie Holdings Ltd. 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 Stephanie Holdings Ltd. Act, 2016.

EXPLANATORY NOTE

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