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2004 Legislative Session: 5th Session, 37th Parliament

FIRST READING

The following electronic version is for informational

purposes only.

The printed version remains the official version.

MR. MIKE HUNTER

BILL Pr 402 – 2004

KIDD RESOURCES LTD.

(CORPORATE RESTORATION) ACT, 2004

Contents

Section

Definitions

Company restored

Company continued

Rights

WHEREAS Michael W. Brown of the City of Nanaimo, in the Province of British Columbia, has by his petition represented

(

a) that Kidd Resources Ltd. (the "Company") resulted from the amalgamation on December 31, 1987 of

(

i) Kidd Resources Ltd., which resulted from an amalgamation on July 24, 1984, under Certificate No. 0280844, and

(ii) Kidd Resources British Columbia Ltd., which was incorporated on the June 17, 1987, under the name 328518 B.C. Ltd., under Certificate No. 328518,

(

b) that a notice was published in the British Columbia Gazette on April 22, 1993, pursuant to the Company Act , R.S.B.C. 1979, c. 59, stating that the Company would be struck off the Register of Companies and dissolved unless, within one month after the publication of the notice, cause was shown to the contrary,

(

c) that the Company was struck off the Register of Companies on May 28, 1993,

(

d) that a notice was published in the British Columbia Gazette on June 10, 1993 stating that the Company was struck off the Register of Companies and dissolved on May 28, 1993,

(

e) that, despite the notice referred to in paragraph (d), the Company, having no knowledge of the publication of that notice, continued to carry on business 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 that Act for the revival of a company more than 10 years after it has been dissolved, the Company cannot be revived except by a special Act of the Legislature of British Columbia;

AND

WHEREAS Michael W. Brown has by his petition requested that it be enacted as follows, and it is expedient to grant the request in the petition;

THEREFORE, HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

Definitions

1 In this Act:

"Company" means Kidd Resources Ltd.;

"Register" means the Register of Companies;

"Registrar" means the Registrar of Companies.

Company restored

2 The Company is restored to the Register under the corporate name Kidd Resources Ltd. commencing on the date that a copy of this Act, certified by the Law Clerk of the Legislative Assembly, is filed with the Registrar.

Company continued

3 On its restoration, the Company is deemed to have continued in existence as if it had never been struck off the Register.

Rights

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 (c) 2004: Queen's Printer, Victoria, British Columbia, Canada