Bill PR52, 1921628 Ontario Inc. Act, 2021

Bill PR52 2021

An Act to revive 1921628 Ontario Inc.

Preamble

Yongyi Xu has applied for special legislation to revive 1921628 Ontario Inc. The applicant represents that she was the sole director and shareholder of the corporation at the time of its dissolution. The corporation was voluntarily dissolved under the Business Corporations Act on November 16, 2020 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to participate in legal proceedings.

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 1921628 Ontario 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 1921628 Ontario Inc. Act, 2021.

EXPLANATORY NOTE

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

Bill PR52 2021

An Act to revive 1921628 Ontario Inc.

Preamble

Yongyi Xu has applied for special legislation to revive 1921628 Ontario Inc. The applicant represents that she was the sole director and shareholder of the corporation at the time of its dissolution. The corporation was voluntarily dissolved under the Business Corporations Act on November 16, 2020 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to participate in legal proceedings.

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 1921628 Ontario 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 1921628 Ontario Inc. Act, 2021.