Projet de loi PR61, Befana Investments Ltd. Act, 2026

EXPLANATORY NOTE

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

Bill PR61 2026

An Act to revive Befana Investments Ltd.

Preamble

Nicola Bavaro has applied for special legislation to revive Befana Investments Ltd. The applicant represents that he was a director of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act pursuant to articles of dissolution on May 14, 2024. The applicant represents that he would like to revive the corporation in order 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, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:

Corporation revived

1 Befana Investments 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 Befana Investments Ltd. Act, 2026.