p42 s1 bill pr43 Pr43 e.pdf

Ontario — Debates (Hansard)

1ST SESSION, 42ND LEGISLATURE, ONTARIO ELIZABETH II, 2021 Bill Pr43

An Act to revive Ontario Inc. Mrs. D. Wai Private Bill 1st Reading April 29, 2021 2nd Reading 3rd Reading Royal Assent Bill Pr43

An Act to revive Ontario Inc.

Preamble Richard Kim has applied for special legislation to revive Ontario Inc. The applicant represents that he was a director of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on February 25, 2019 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 Pro vince of Ontario, enacts as follows: Corporation revived 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 franch ises 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 This Act comes into force on the day it receives Royal Assent.

Short title The

short title of this Act is the Ontario Inc. Act, 2021. ______________ EXPLANATORY NOTE The purpose of the Bill is set out in the

Preamble.

Document details

Collection	Ontario — Debates (Hansard)
Citation	p42 s1 bill pr43 Pr43 e.pdf
Type	bill
Volume / chapter	p42 s1 bill pr43 Pr43 e.pdf
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	0586052d72ddf0d156cd24dbca121cc01843ce4c

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