The purpose of the Bill is set out in the Preamble.
Bill PR11 2019
An Act to revive 598968 Ontario Limited
Bradley Del Collins has applied for special legislation to revive 598968 Ontario Limited. The applicant represents that he was the president and sole shareholder of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on December 10, 1994 for failure to comply with that Act. The applicant represents that he would like to revive the corporation in order to deal with certain real property that was held in the corporation’s name at the time of the dissolution.
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:
1 598968 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 598968 Ontario Limited Act, 2019.