Bill PR43, Richard Crosby Investments Limited Act, 2024

Bill Pr43 2024

An Act to revive Richard Crosby Investments Limited

Preamble

Marilyn Sandler has applied for special legislation to revive Richard Crosby Investments Limited.  The applicant represents that she was a director of the corporation when it was dissolved.  The corporation was voluntarily dissolved under the Business Corporations Act on June 30, 2023 pursuant to articles of dissolution.  The applicant represents that she would like to revive the corporation in order to deal with certain outstanding tax matters relating to 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:

Corporation revived

1 Richard Crosby Investments 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.

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 Richard Crosby Investments Limited Act, 2024.

EXPLANATORY NOTE

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

Bill PR43 2024

An Act to revive Richard Crosby Investments Limited

Preamble

Marilyn Sandler has applied for special legislation to revive Richard Crosby Investments Limited.  The applicant represents that she was a director of the corporation when it was dissolved.  The corporation was voluntarily dissolved under the Business Corporations Act on June 30, 2023 pursuant to articles of dissolution.  The applicant represents that she would like to revive the corporation in order to deal with certain outstanding tax matters relating to 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:

Corporation revived

1 Richard Crosby Investments 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.

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 Richard Crosby Investments Limited Act, 2024.