Bill PR69, Silver Merle Corporation Act, 2017

Bill PR69 2017

An Act to revive Silver Merle Corporation

Preamble

Tracy J. Drynan has applied for special legislation to revive Silver Merle Corporation.  The applicant represents that she was the sole director and shareholder of the corporation when it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on July 26, 2013 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 Silver Merle Corporation 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 Silver Merle Corporation Act, 2017.

EXPLANATORY NOTE

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

Bill PR69 2017

An Act to revive Silver Merle Corporation

Preamble

Tracy J. Drynan has applied for special legislation to revive Silver Merle Corporation.  The applicant represents that she was the sole director and shareholder of the corporation when it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on July 26, 2013 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 Silver Merle Corporation 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 Silver Merle Corporation Act, 2017.