Projet de loi PR10, 752458 Ontario Ltd. Act, 2014

Projet de loi PR10 2014

An Act to revive 752458 Ontario Ltd.

Preamble

Cindy Brown has applied for special legislation to revive 752458 Ontario Ltd.  The applicant represents that she was the director and president of the corporation when it was dissolved.  The corporation was voluntarily dissolved under the Business Corporations Act on January 10, 2013 pursuant to articles of dissolution.  The applicant would like to revive the corporation in order to participate in litigation that was commenced before 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.  752458 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 752458 Ontario Ltd. Act, 2014.

Projet de loi PR10 2014

An Act to revive 752458 Ontario Ltd.

Preamble

Cindy Brown has applied for special legislation to revive 752458 Ontario Ltd.  The applicant represents that she was the director and president of the corporation when it was dissolved.  The corporation was voluntarily dissolved under the Business Corporations Act on January 10, 2013 pursuant to articles of dissolution.  The applicant would like to revive the corporation in order to participate in litigation that was commenced before 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.  752458 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 752458 Ontario Ltd. Act, 2014.

EXPLANATORY NOTE

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