p42 s2 bill pr63 Pr63 e.pdf

Ontario — Bills

2ND SESSION, 42ND LEGISLATURE, ONTARIO ELIZABETH II, 2022 Bill Pr63

An Act to revive Superior Corporate Services Limited Mr. J. Fraser Private Bill 1st Reading February 28, 2022 2nd Reading 3rd Reading Royal Assent Bill Pr63

An 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. It 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 perso n 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 pro perty, 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 S ervices 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. ______________ EXPLANATORY NOTE The purpose of the Bill is set out in the

Preamble.

Document details

Collection	Ontario — Bills
Citation	p42 s2 bill pr63 Pr63 e.pdf
Type	bill
Volume / chapter	p42 s2 bill pr63 Pr63 e.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	c8feae2d3f0bbaa6e248fd29ba3e3936fcca4460

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