Pembridge Insurance Company Act, 1999 Wood, Bob — Private Bill PR13 (37th Parliament, 1st Session)

Bill PR13, 37-1

Ontario — Bills

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Bill PR13, Pembridge Insurance Company Act, 1999

Wood, Bob

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Status

Original

Royal Assent

[37] Bill 13 Royal Assent (PDF)

Bill Pr13

Bill Pr131999

An Act respecting Pembridge Insurance Company

Preamble

Pembridge Insurance Company (the "company") has applied for special

legislation to allow it to apply for continuation under the jurisdiction of

the Parliament of Canada. The company represents that it was incorporated on

June 5, 1970 by letters patent under the laws of Ontario as Pafco Insurance

Company Limited. Supplementary letters patent have since been issued to the

company to change its name to Pafco Insurance Company, and then to Pembridge

Insurance Company, and for other purposes.

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:

Authorization

1.(1)Subject to authorization by special resolution under the

Corporations Act , the company may apply to the appropriate minister

it had been incorporated under

an Act of the Parliament of Canada.

Same

(2)The application may provide, among other things, that all rights and

interests of the shareholders, policyholders and creditors of the company in,

to or against the property, rights and assets of the company and all liens

upon the property, rights and assets of the company are unimpaired by the

continuation of the company.

Filing

2.(1)Upon the issuance of the federal letters patent, the company shall

file the following documents with the Minister of Consumer and Commercial

Relations:

1.A notice of the issuance of the federal letters patent.

2.A copy of the letters patent certified by the Office of the

Superintendent of Financial Institutions Canada.

Effect

(2)On the day the documents required by subsection (1) are filed, the

Corporations Act ceases to apply to the company.

Minister's certificate

(3)The Minister of Consumer and Commercial Relations may issue a

certificate to the company confirming the date on which the documents

required by subsection (1) were filed.

Commencement

3.This Act comes into force on the day it receives Royal

Assent.

Short title

4.The

short title of this Act is the Pembridge Insurance

Company Act, 1999 .

[37] Bill 13 Original (PDF)

Bill Pr13

Bill Pr131999

An Act respecting Pembridge Insurance Company

Preamble

Pembridge Insurance Company (the "company") has applied for special

legislation to allow it to apply for continuation under the jurisdiction of

the Parliament of Canada. The company represents that it was incorporated on

June 5, 1970 by letters patent under the laws of Ontario as Pafco Insurance

Company Limited. Supplementary letters patent have since been issued to the

company to change its name to Pafco Insurance Company, and then to Pembridge

Insurance Company, and for other purposes.

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:

Authorization

1.(1)Subject to authorization by special resolution under the

Corporations Act , the company may apply to the appropriate minister

it had been incorporated under

an Act of the Parliament of Canada.

Same

(2)The application may provide, among other things, that all rights and

interests of the shareholders, policyholders and creditors of the company in,

to or against the property, rights and assets of the company and all liens

upon the property, rights and assets of the company are unimpaired by the

continuation of the company.

Filing

2.(1)Upon the issuance of the federal letters patent, the company shall

file the following documents with the Minister of Consumer and Commercial

Relations:

1.A notice of the issuance of the federal letters patent.

2.A copy of the letters patent certified by the Office of the

Superintendent of Financial Institutions Canada.

Effect

(2)On the day the documents required by subsection (1) are filed, the

Corporations Act ceases to apply to the company.

Minister's certificate

(3)The Minister of Consumer and Commercial Relations may issue a

certificate to the company confirming the date on which the documents

required by subsection (1) were filed.

Commencement

3.This Act comes into force on the day it receives Royal

Assent.

Short title

4.The

short title of this Act is the Pembridge Insurance

Company Act, 1999 .

EXPLANATORY NOTE

The purpose of the Bill is set out in the

Preamble.

Date Bill stage Activity Committee

December 23, 1999

Royal Assent

Royal Assent received

December 22, 1999

Third Reading

Carried

December 22, 1999

Second Reading

Carried

November 24, 1999

Reported without amendment

November 24, 1999

Consideration of a Bill

Standing Committee on Regulations and Private Bills

November 15, 1999

Ordered referred to Standing Committee

Standing Committee on Regulations and Private Bills

November 15, 1999

First Reading

Carried

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Document details

Collection	Ontario — Bills
Citation	Bill PR13, 37-1
Type	bill
Volume / chapter	p37 s1 bill pr13 html
Language	en
Format	html
Source	PROVINCIAL
Identifier	55e32b03fb7f909262a6e83c1e0010a4aab36eb2

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