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1998/99 Legislative Session: 3rd Session, 36th 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 July, 1999

Ian D. Izard, Law Clerk

MR. STEVE ORCHERTON

BILL Pr 403 – 1999

POULOS INVESTMENTS LTD.

(CORPORATE RESTORATION) ACT, 1999

WHEREAS George Poulos, of the City of Calgary, in the Province of Alberta, has by his

petition represented

(

a) that the Company was incorporated on June 10, 1969 under

Certificate of Incorporation No. 87331 issued pursuant to the British Columbia

Companies Act , R.S.B.C. 1960, c. 67, as amended;

(

b) that the Company for two consecutive years failed to file with

the Registrar an annual report, as required under the Company Act ;

(

c) that a notice was published in the British Columbia Gazette

on September 24, 1987, pursuant to the Company Act , stating that the Company would

be struck from the Register of Companies and dissolved unless, within one month after the

publication of the notice, cause was shown to the contrary;

(

d) that a notice was published in the British Columbia Gazette

on November 12, 1987, stating that the Company was struck off the Register and dissolved

on October 30, 1987;

(

e) that, notwithstanding the said notice, the directors of the

Company, having no knowledge of its publication in the British Columbia Gazette ,

continued to carry on the business of the Company as if it had not been dissolved;

(

f) that it will not be possible to continue carrying on the

business of the Company unless the Company is revived; and

(

g) that, since the Company was a corporation to which the Company

Act applied and since there is no provision in the said Act for the revival of a

company more than ten 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 said George Poulos has by his petition requested that it be enacted as

follows, and it is expedient to grant the request in the petition;

NOW, THEREFORE, Her Majesty, by and with the advice and consent of the Legislative

Assembly of the Province of British Columbia, enacts as follows:

1. In this Act:

" Company " means Poulos Investments Ltd.;

"Register" means the Register of Companies;

" Registrar " means the Registrar of Companies.

2. The Company is restored to the Register commencing on

the date that a copy of this Act certified by the Clerk of the Legislative Assembly is

filed with the Registrar.

3. On its restoration, the Company shall be deemed to have

continued in existence as if its name had never been struck off the Register.

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 © 1999: Queen's Printer, Victoria, British Columbia, Canada