An Act to revive 1314596 Ontario Inc. — Private Bill PR36 (39th Parliament, 2nd Session)

Bill PR36, 39-2

Ontario — Bills

2ND SESSION, 39TH LEGISLATURE, ONTARIO ELIZABETH II, 2011 Bill Pr36

An Act to revive Ontario Inc. Mr. Kormos Private Bill 1st Reading March 8, 2011 2nd Reading 3rd Reading Royal Assent Printed by the Legislative Assembly of Ontario Bill Pr36

An Act to revive Ontario Inc.

Preamble Bogdan (Dan) Grabowski, Larry Sherwood and Theodore Veldman have applied for special legislation to revive Ontario Inc. The app licants represent that they were shareholders of the corporation when it was dissolved. The corporatio n was dissolved under the Business Corporations Act on January 2, 2007 pursuant to articles of dissolution.

The applicants represent that busi- ness has been carried on in the name of the corporation despite the dissolution and that the applicants 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, Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows: Corporation revived 1. 1314596 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 lia- bilities, 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 Ontario Inc. Act, 2011. ______________ EXPLANATORY NOTE The purpose of the Bill is set out in the

Preamble.

Document details

Collection	Ontario — Bills
Citation	Bill PR36, 39-2
Type	bill
Volume / chapter	p39 s2 bill pr36 bill text 39 2 en pr036.pdf
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	095d255a6cdd7319fb9e75bda5f32a436d17417a

Source file is stored in the law ingest library (pdf).