Bill PR50 Original (PDF)
EXPLANATORY NOTE
The purpose of the Bill is set out in the Preamble.
Bill PR50 2026
An Act to revive Avant Assets Inc.
Preamble
Chun-Chih Lin has applied for special legislation to revive Avant Assets Inc. The applicant represents that they were the sole director and sole shareholder of the corporation when it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on March 22, 2024 pursuant to articles of dissolution. The applicant represents that they 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:
Corporation revived
1 Avant Assets 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 Avant Assets Inc. Act, 2026.