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Bill PR63, Superior Corporate Services Limited Act, 2022

Fraser, John

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Status

Original

Bill PR63 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR63 2022

Act to revive Superior Corporate Services Limited

Preamble

Mary

Kathleen Young has applied for special legislation to revive Superior Corporate

Services Limited. The applicant represents that they are the executor and

trustee of the estate of Bruce Malcolm Young, who was the director and sole

shareholder of the corporation when it was dissolved. The corporation was

dissolved under the Business Corporations Act on

January 31, 1989 for failure to comply with the Corporations

Tax Act . The applicant would like to revive the corporation in order to

commence an action on behalf of the dissolved corporation.

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

Superior

Corporate Services Limited is revived and is, subject to any property, rights,

privileges and franchises acquired by any person after its dissolution,

restored to its legal position 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, except that any

property, rights, privileges or franchises that forfeited to and vested in the

Crown upon dissolution, apart from those acquired by any person after its

dissolution, remain forfeited to and vested in the Crown and shall not be

returned to Superior Corporate Services Limited except in a manner provided in

the Forfeited Corporate Property Act, 2015 , the Escheats Act, 2015 or the Mining Act

or as otherwise directed by the Ontario Superior Court of Justice.

Commencement

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

Short

title

The

short title of this Act is the Superior Corporate Services

Limited Act, 2022 .

Date Bill stage Event Outcome Committee

March 30, 2022

First Reading

Report recommended that the Bill be not reported

March 30, 2022

First Reading

Consideration of a Bill

Standing Committee on Regulations and Private Bills

March 9, 2022

First Reading

Consideration of a Bill

Standing Committee on Regulations and Private Bills

February 28, 2022

First Reading

Ordered referred to Standing Committee

Standing Committee on Regulations and Private Bills

February 28, 2022

First Reading

Vote

Carried

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