Projet de loi PR40, 828117 Ontario Limited Act, 2016

Projet de loi PR40 2016

An Act to revive 828117 Ontario Limited

Preamble

Lena Isaacs has applied for special legislation to revive 828117 Ontario Limited.  The applicant represents that she was a shareholder of the corporation when it was dissolved.  The corporation was voluntarily dissolved under the Business Corporations Act on November 2, 2006 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.

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.  828117 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 828117 Ontario Limited Act, 2016.

Projet de loi PR40 2016

An Act to revive 828117 Ontario Limited

Preamble

Lena Isaacs has applied for special legislation to revive 828117 Ontario Limited.  The applicant represents that she was a shareholder of the corporation when it was dissolved.  The corporation was voluntarily dissolved under the Business Corporations Act on November 2, 2006 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.

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.  828117 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 828117 Ontario Limited Act, 2016.

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EXPLANATORY NOTE

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