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Bill PR65, MFIS Holdings and Investments Inc. Act, 2024

Riddell, Brian

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Status

Original

Bill PR65 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR65 2024

Act to revive MFIS Holdings and Investments Inc.

Preamble

Mohammed

Shanshal has applied for special legislation to revive MFIS Holdings and

Investments Inc. The applicant represents that he was the sole director and president

of the corporation when it was dissolved. The corporation was voluntarily

dissolved under the Business Corporations Act on

February 11, 2020 pursuant to articles of dissolution. The applicant represents

that he would like to revive the corporation in order to deal with certain real

property, the registered title to which was held in the corporation’s name at

the time of the dissolution.

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

MFIS Holdings

and Investments 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,

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 MFIS Holdings and Investments

Inc. Act, 2024 .

Date Bill stage Event Outcome Committee

December 12, 2024

First Reading

Ordered for Second Reading

December 12, 2024

First Reading

Vote

Carried

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