Bill PR9, All Trade Quantities Inc. Act, 2019

Bill PR9 2019

An Act to revive All Trade Quantities Inc.

Preamble

Marcellinus MacNeil has applied for special legislation to revive All Trade Quantities Inc. 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 October 2, 2017 pursuant to articles of dissolution. The applicant represents that he would like to revive the corporation in order to deal with certain property that was held in the name of the corporation 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 All Trade Quantities 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 All Trade Quantities Inc. Act, 2019.

EXPLANATORY NOTE

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

Bill PR9 2019

An Act to revive All Trade Quantities Inc.

Preamble

Marcellinus MacNeil has applied for special legislation to revive All Trade Quantities Inc. 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 October 2, 2017 pursuant to articles of dissolution. The applicant represents that he would like to revive the corporation in order to deal with certain property that was held in the name of the corporation 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 All Trade Quantities 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 All Trade Quantities Inc. Act, 2019.