The purpose of the Bill is set out in the Preamble.
Bill PR12 2019
An Act to revive 2345260 Ontario Ltd.
Douglas Wittman has applied for special legislation to revive 2345260 Ontario Ltd. The applicant represents that he was the director of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on October 17, 2018 pursuant to articles of dissolution. The applicant represents that he would like to revive the corporation in order to deal with certain assets and liabilities that were 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 2345260 Ontario Ltd. 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 2345260 Ontario Ltd. Act, 2019.