p43 s1 bill pr7 Pr07.pdf

Ontario — Bills

1ST SESSION, 43ND LEGISLATURE, ONTARIO CHARLES III, 2022 Bill Pr7

An Act to revive Welberne Holding Corp. Mr. T. Kernaghan Private Bill 1st Reading October 25, 2022 2nd Reading 3rd Reading Royal Assent Bill Pr7

An Act to revive Welberne Holding Corp.

Preamble Catherine Martin has applied for special legislation to revive Welberne Holding Corp. The applicant represents that she was a director and the president of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act for failure to comply with subsection 241 (4) of that Act. The applicant represents that she would like to revive the corporation in order to deal with certain real property that was held in the name of the corporation at the time of the dissolution. It 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 Welberne Holding Corp. 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 Welberne Holding Corp. Act, 2022. ______________ EXPLANATORY NOTE The purpose of the Bill is set out in the

Preamble.

Document details

Collection	Ontario — Bills
Citation	p43 s1 bill pr7 Pr07.pdf
Type	bill
Volume / chapter	p43 s1 bill pr7 Pr07.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	b13302507f6b30997b1701f0d0020448af5d0d13

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