Projet de loi PR7, 827291 Ontario Ltd. Act, 2008

Projet de loi PR7 2008

An Act to revive 827291 Ontario Ltd.

Preamble

Patrick McCarron has applied for special legislation to revive 827291 Ontario Ltd.  The applicant represents that he was the sole director, officer and shareholder of the corporation when it was dissolved.  The corporation was dissolved under the Business Corporations Act pursuant to articles of dissolution on December 1, 2003.  The applicant represents that the filing 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.  827291  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.

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 827291 Ontario Ltd. Act, 2008.

Projet de loi PR7 2008

An Act to revive 827291 Ontario Ltd.

Preamble

Patrick McCarron has applied for special legislation to revive 827291 Ontario Ltd.  The applicant represents that he was the sole director, officer and shareholder of the corporation when it was dissolved.  The corporation was dissolved under the Business Corporations Act pursuant to articles of dissolution on December 1, 2003.  The applicant represents that the filing 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.  827291  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.

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 827291 Ontario Ltd. Act, 2008.

EXPLANATORY NOTE

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