The purpose of the Bill is set out in the Preamble.
Bill PR12 2022
An Act to revive Artgem Granite and Marble Inc.
Xiao Yan Yi has applied for special legislation to revive Artgem Granite and Marble Inc. 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 May 27, 2022 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to carry on business in the name of the corporation.
It is appropriate to grant the application.
Therefore, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:
1 Artgem Granite and Marble 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.
2 This Act comes into force on the day it receives Royal Assent.
3 The short title of this Act is the Artgem Granite and Marble Inc. Act, 2022.