The purpose of the Bill is set out in the Preamble.
Bill PR3 2022
An Act to revive 1204755 Ontario Limited
Barbara Knauth (formerly Madigan) has applied for special legislation to revive 1204755 Ontario Limited. 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 January 27, 2017 pursuant to articles of dissolution. The applicant represents that she would like to revive the corporation in order to accept and distribute funds received in the corporation’s name after the dissolution.
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 1204755 Ontario Limited 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 1204755 Ontario Limited Act, 2022.