Projet de loi PR14, Aspen Drywall Inc. Act, 2013

Projet de loi PR14 2013

An Act to revive Aspen Drywall Inc.

Preamble

August Joe Bukovec has applied for special legislation to revive Aspen Drywall Inc. The applicant represents that he was the president of the corporation when it was dissolved.  The corporation was dissolved under the Business Corporations Act on July 28, 2010 for failure to comply with section 115 of that Act.  The applicant represents that the default was inadvertent and that he would like to revive the corporation 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:

Corporation revived

   1.  Aspen Drywall Inc. 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 Aspen Drywall Inc. Act, 2013.

Projet de loi PR14 2013

An Act to revive Aspen Drywall Inc.

Preamble

August Joe Bukovec has applied for special legislation to revive Aspen Drywall Inc. The applicant represents that he was the president of the corporation when it was dissolved.  The corporation was dissolved under the Business Corporations Act on July 28, 2010 for failure to comply with section 115 of that Act.  The applicant represents that the default was inadvertent and that he would like to revive the corporation 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:

Corporation revived

   1.  Aspen Drywall Inc. 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 Aspen Drywall Inc. Act, 2013.

EXPLANATORY NOTE

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