The purpose of the Bill is set out in the Preamble.
Bill PR48 2021
An Act to revive Darvey Holdings Limited
Harvey Cardwell has applied for special legislation to revive Darvey Holdings Limited. The applicant represents that he was the president and sole director of the corporation at the time it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on August 31, 2020 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to deal with certain property that was held in the corporation’s name at the time of the dissolution and to exercise certain rights the corporation had 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 Darvey Holdings 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 Darvey Holdings Limited Act, 2021.