The purpose of the Bill is set out in the Preamble.
Bill PR27 2020
An Act to revive Group Seven Construction Ltd.
Veronica Balaj has applied for special legislation to revive Group Seven Construction Ltd. The applicant represents that she was a director of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on September 3, 1994 for failure to comply with the Corporations Information 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:
1 Group Seven Construction 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.
2 This Act comes into force on the day it receives Royal Assent.
3 The short title of this Act is the Group Seven Construction Ltd. Act, 2020.