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2003 Legislative Session: 4th Session, 37th Parliament

THIRD READING

The following electronic version is for informational

purposes only.

The printed version remains the official version.

Certified correct as passed Third Reading on the 5th day of

May, 2003

Ian D. Izard, Law Clerk

MR. TOM CHRISTENSEN

BILL Pr 404 – 2003

M & M INSULATION LTD.

(CORPORATE RESTORATION) ACT, 2003

Contents

Section

Definitions

Company restored

Company continued

Rights

WHEREAS Viam Holdings Ltd., Newcorp Construction Ltd., Newcorp Properties Ltd. and Coast to Coast Project Management Ltd. (collectively the "Applicants") of the City of Vancouver, in the Province of British Columbia, have by their petition represented

(

a) that M & M Insulation Ltd. (the "Company") was

incorporated in British Columbia on April 20, 1951 under Certificate of Incorporation

No. 27280 issued pursuant to the Company Act , R.S.B.C. 1948, c. 58, in

effect as at that date,

(

b) that the Company was struck off the Register of Companies and dissolved on September 9, 1988,

(

c) that the Applicants wish to add the Company as a party to litigation arising with respect to events occurring before the Company was struck off the Register of Companies,

(

d) that it will not be possible to add the Company as party to such litigation unless the Company is revived, and

(

e) that, since the Company was a corporation to which the Company Act applied and since there is no provision in that Act for the revival of a company more than 10 years after it has been dissolved, the Company cannot be revived except by a special Act of the Legislature of British Columbia;

AND

WHEREAS the Applicants have by their petition requested that it be enacted as follows, and it is expedient to grant the request in the petition;

THEREFORE, HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

Definitions

1 In this Act:

"Company" means M & M Insulation Ltd. (Incorporation No. 27280);

"Register" means the Register of Companies;

"Registrar" means the Registrar of Companies.

Company restored

2 The Company is restored to the Register under

the corporate name M & M Insulation Ltd. for a period of 2 years commencing

on the date that a copy of this Act, certified by the Law Clerk of the Legislative

Assembly, is filed with the Registrar.

Company continued

3 On its restoration, the Company is deemed to

have continued in existence as if it had never been struck off the Register.

Rights

4 Nothing in sections 2 and 3 prejudices the rights

of any person that were acquired before the date on which the Company is restored

to the Register.

Copyright (c) 2003: Queen's Printer, Victoria, British Columbia, Canada