Bill PR40, Castleform Developments Inc. Act, 2021

Bill PR40 2021

An Act to revive Castleform Developments Inc.

Preamble

Peter Voong has applied for special legislation to revive Castleform Developments Inc. The applicant represents that he was the sole director and shareholder of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on April 15, 2020 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 Castleform Developments 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 Castleform Developments Inc. Act, 2021.

EXPLANATORY NOTE

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

Bill PR40 2021

An Act to revive Castleform Developments Inc.

Preamble

Peter Voong has applied for special legislation to revive Castleform Developments Inc. The applicant represents that he was the sole director and shareholder of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on April 15, 2020 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 Castleform Developments 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 Castleform Developments Inc. Act, 2021.