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Bill PR39, 1082472 Ontario Limited Act, 2024

Byers, Rick

Royal Assent received. Statutes of Ontario 2024,

chapter Pr7

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Status

Royal Assent

Original

Bill Pr39 Royal Assent (PDF)

Bill Pr39 2024

Act to revive 1082472 Ontario Limited

Preamble

Tom

Siu has applied for special legislation to revive 1082472 Ontario Limited. The

applicant represents that he was a director of the corporation at the time it

was dissolved. The corporation was dissolved under the Business

Corporations Act on October 8, 2019 for failure to comply with

section

115 of that Act. The applicant represents that the default was inadvertent and

that he would like to revive the corporation in order to deal with certain

property held in the corporation’s name at the time of the dissolution.

is appropriate to grant the application.

Therefore,

His Majesty, by and with the advice and consent of the Legislative Assembly of

the Province of Ontario, enacts as follows:

Corporation

revived

Ontario Limited is revived and is, subject to any rights acquired by any person

after its dissolution, restored 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 1082472 Ontario Limited

Act, 2024 .

Bill PR39 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR39 2024

Act to revive 1082472 Ontario Limited

Preamble

Tom

Siu has applied for special legislation to revive 1082472 Ontario Limited. The

applicant represents that he was a director of the corporation at the time it

was dissolved. The corporation was dissolved under the Business

Corporations Act on October 8, 2019 for failure to comply with

section

115 of that Act. The applicant represents that the default was inadvertent and

that he would like to revive the corporation in order to deal with certain

property held in the corporation’s name at the time of the dissolution.

is appropriate to grant the application.

Therefore,

His Majesty, by and with the advice and consent of the Legislative Assembly of

the Province of Ontario, enacts as follows:

Corporation

revived

Ontario Limited is revived and is, subject to any rights acquired by any person

after its dissolution, restored 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 1082472 Ontario Limited

Act, 2024 .

Date Bill stage Event Outcome Committee

April 25, 2024

Royal Assent

Royal Assent received

April 25, 2024

Third Reading

Vote

Carried

April 25, 2024

Third Reading

Question put

April 25, 2024

Second Reading

Ordered for Third Reading

April 25, 2024

Second Reading

Vote

Carried

April 25, 2024

Second Reading

Question put

February 29, 2024

First Reading

Ordered for Second Reading

February 29, 2024

First Reading

Vote

Carried

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