Projet de loi PR84, 2297970 Ontario Inc. Act, 2018

Projet de loi PR84 2018

An Act to revive 2297970 Ontario Inc.

Preamble

2175015 Ontario Inc. has applied for special legislation to revive 2297970 Ontario Inc., which was dissolved under the Business Corporations Act on September 8, 2016 for failure to comply with section 115 of that Act. The applicant represents that it is a prior shareholder of 2297970 Ontario Inc. The applicant represents that on January 27, 2015, the applicant agreed to sell its shares in the corporation to First Global Data Ltd., that the share sale is currently a matter of litigation and that it would like to revive the corporation in order to commence an action on behalf of the dissolved corporation.

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 2297970 Ontario 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 2297970 Ontario Inc. Act, 2018.

EXPLANATORY NOTE

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

Projet de loi PR84 2018

An Act to revive 2297970 Ontario Inc.

Preamble

2175015 Ontario Inc. has applied for special legislation to revive 2297970 Ontario Inc., which was dissolved under the Business Corporations Act on September 8, 2016 for failure to comply with section 115 of that Act. The applicant represents that it is a prior shareholder of 2297970 Ontario Inc. The applicant represents that on January 27, 2015, the applicant agreed to sell its shares in the corporation to First Global Data Ltd., that the share sale is currently a matter of litigation and that it would like to revive the corporation in order to commence an action on behalf of the dissolved corporation.

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 2297970 Ontario 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 2297970 Ontario Inc. Act, 2018.

Date Étape du projet de loi Activité Comité
7 mai 2018Sanction royalesanction royale reçue-
7 mai 2018Troisième lectureadoptée-
7 mai 2018-passage à l'étape de la troisième lecture conformément à l'ordre de la Chambre-
7 mai 2018Deuxième lectureadoptée-
7 mai 2018-Motion visant à organiser la procédure-
2 mai 2018-passage à l'étape de deuxième lecture-
2 mai 2018-rapport est fait sans propositions d'amendement-
2 mai 2018-étude d'un projet de loiComité permanent des règlements et des projets de loi d'intérêt privé
24 avril 2018-renvoi au comité permanentComité permanent des règlements et des projets de loi d'intérêt privé
24 avril 2018Première lectureadoptée-