p42 s2 bill pr60 Pr60 e.pdf

Ontario — Bills

2ND SESSION, 42ND LEGISLATURE, ONTARIO ELIZABETH II, 2022 Bill Pr60

An Act to revive Ontario Inc. Mr. W. Gates Private Bill 1st Reading March 10, 2022 2nd Reading 3rd Reading Royal Assent Bill Pr60

An Act to revive Ontario Inc.

Preamble Andrew Ferri has applied for special legislation to revive Ontario Inc. The applicant represents that he was the president, secretary and sole director of the corporation at the time of its dissolution. The corporation was dissolved under the Business Corporations Act on July 21, 2015 for failure to comply with subsection 115 (2) of that Act. The applicant represents that he would like to revive the corporation in order to deal with certain real property held by the corporation as bare trustee. 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 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, contrac ts, 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, 2022. ______________ EXPLANATORY NOTE The purpose of the Bill is set out in the

Preamble.

Document details

Collection	Ontario — Bills
Citation	p42 s2 bill pr60 Pr60 e.pdf
Type	bill
Volume / chapter	p42 s2 bill pr60 Pr60 e.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	1f398e46f66664cff110f6ef1723fedb310181ee

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