Projet de loi PR21, 1173931 Ontario Limited Act, 2009

Projet de loi PR21 2009

An Act to revive 1173931 Ontario Limited

Preamble

Werner Weinberger has applied for special legislation to revive 1173931 Ontario Limited. The applicant represents that he was a director of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on July 30, 2007 for failure to comply with subsection 118 (3) of that Act. The applicant represents that the default was inadvertent and that business has been carried on in the name of the corporation despite 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:

Corporation revived

   1.  1173931 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.

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 1173931 Ontario Limited Act, 2009.

Projet de loi PR21 2009

An Act to revive 1173931 Ontario Limited

Preamble

Werner Weinberger has applied for special legislation to revive 1173931 Ontario Limited. The applicant represents that he was a director of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on July 30, 2007 for failure to comply with subsection 118 (3) of that Act. The applicant represents that the default was inadvertent and that business has been carried on in the name of the corporation despite 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:

Corporation revived

   1.  1173931 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.

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 1173931 Ontario Limited Act, 2009.

______________

EXPLANATORY NOTE

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