3 The short title of this Act is the 2297970 Ontario Inc — Private Bill PR84 (41st Parliament, 3rd Session)

Bill PR84, 41-3

Ontario — Bills

3RD SESSION, 41ST LEGISLATURE, ONTARIO ELIZABETH II, 2018 Bill Pr84

An Act to revive Ontario Inc. Ms S. Wong Private Bill 1st Reading April 24, 2018 2nd Reading 3rd Reading Royal Assent Bill Pr84

An Act to revive Ontario Inc.

Preamble Ontario Inc. has applied for special legislation to revive Ontario Inc., which was dissolved under the Business Corporations Act on September 8, 2016 for failure to comply with

section of that Act. The applicant represents that it is a prior shareholder of Ontario Inc. The applicant represents that on January 27, 2015 , the applicant agreed to sell its shares in the corporation to First Global Data Ltd ., that the share sale is currently a matter of litigation and that it would like to revive the corporation in order to commence an action on behalf of the dissolved corporation. 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, restor ed 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 Ontario Inc. Act, 2018. ______________ EXPLANATORY NOTE The purpose of the Bill is set out in the

Preamble.

Document details

Collection	Ontario — Bills
Citation	Bill PR84, 41-3
Type	bill
Volume / chapter	p41 s3 bill pr84 bill text 41 3 en pr084 e.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	545bf98903b8a276507013f4dcfcd812d61470c7

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