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Bill PR50, Avant Assets Inc. Act, 2026

Bell, Jessica

Current status:

First Reading Ordered for Second Reading

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Status

Original

Bill PR50 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR50 2026

Act to revive Avant Assets Inc.

Preamble

Chun-Chih

Lin has applied for special legislation to revive Avant Assets Inc. The

applicant represents that they were the sole director and sole shareholder of

the corporation when it was dissolved. The corporation was voluntarily

dissolved under the Business Corporations Act on

March 22, 2024 pursuant to articles of dissolution. The applicant represents

that they would like to revive the corporation in order to carry on business in

the name of the corporation.

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

Avant

Assets Inc. 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 Avant Assets Inc. Act,

2026 .

Date Bill stage Event Outcome Committee

May 27, 2026

First Reading

Ordered for Second Reading

May 27, 2026

First Reading

Vote

Carried

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