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Bill PR60, 1692783 Ontario Inc. Act, 2022

Gates, Wayne

Royal Assent received. Statutes of Ontario 2022,

chapter Pr7

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Status

Royal Assent

Original

Bill PR60 Royal Assent (PDF)

Bill PR60 2022

Act to revive 1692783 Ontario Inc.

Preamble

Andrew

Ferri has applied for special legislation to revive 1692783 Ontario Inc. The

applicant represents that he was the president, secretary and sole director of

the corporation at the time of its dissolution. The corporation was dissolved

under the Business Corporations Act on July 21,

2015 for failure to comply with subsection 115 (2) of that Act. The applicant

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

certain real property held by the corporation as bare trustee.

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

Ontario 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 1692783 Ontario Inc.

Act, 2022 .

Bill PR60 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR60 2022

Act to revive 1692783 Ontario Inc.

Preamble

Andrew

Ferri has applied for special legislation to revive 1692783 Ontario Inc. The

applicant represents that he was the president, secretary and sole director of

the corporation at the time of its dissolution. The corporation was dissolved under

the Business Corporations Act on July 21, 2015 for

failure to comply with subsection 115 (2) of that Act. The applicant represents

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

property held by the corporation as bare trustee.

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

Ontario 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 1692783 Ontario Inc.

Act, 2022 .

Date Bill stage Event Outcome Committee

April 28, 2022

Royal Assent

Royal Assent received

April 28, 2022

Third Reading

Vote

Carried

April 28, 2022

Second Reading

Ordered for Third Reading pursuant to the Order of the House

April 28, 2022

Second Reading

Vote

Carried

April 28, 2022

First Reading

Motion to arrange proceedings

March 30, 2022

First Reading

Ordered for Second Reading

March 30, 2022

First Reading

Reported without amendment

March 30, 2022

First Reading

Consideration of a Bill

Standing Committee on Regulations and Private Bills

March 10, 2022

First Reading

Ordered referred to Standing Committee

Standing Committee on Regulations and Private Bills

March 10, 2022

First Reading

Vote

Carried

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