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1998/99 Legislative Session: 3rd Session, 36th Parliament

FIRST READING

The following electronic version is for informational purposes only.

The printed version remains the official version.

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