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Bill PR44, 2038778 Ontario Ltd. Act, 2024

Harden, Joel

Royal Assent received. Statutes of Ontario 2024,

chapter Pr12

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Status

Royal Assent

Original

Bill Pr44 Royal Assent (PDF)

Bill Pr44 2024

Act to revive 2038778 Ontario Ltd.

Preamble

John

E. Ruddy has applied for special legislation to revive 2038778 Ontario Ltd. The

applicant represents that he was the sole director and shareholder of the

corporation when it was dissolved. The corporation was voluntarily dissolved

under the Business Corporations Act on February 8,

2019 pursuant to articles of dissolution. The applicant represents that he

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

property held in the name of a third party on behalf of

the corporation, which in turn held it in trust for another party.

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

Ontario Ltd. 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 2038778 Ontario Ltd.

Act, 2024 .

Bill PR44 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR44 2024

Act to revive 2038778 Ontario Ltd.

Preamble

John

E. Ruddy has applied for special legislation to revive 2038778 Ontario Ltd. The

applicant represents that he was the sole director and shareholder of the

corporation when it was dissolved. The corporation was voluntarily dissolved

under the Business Corporations Act on February 8,

2019 pursuant to articles of dissolution. The applicant represents that he

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

property held in the name of a third party on behalf of

the corporation, which in turn held it in trust for another party.

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

Ontario Ltd. 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 2038778 Ontario Ltd.

Act, 2024 .

Date Bill stage Event Outcome Committee

May 16, 2024

Royal Assent

Royal Assent received

May 14, 2024

Third Reading

Vote

Carried

May 14, 2024

Third Reading

Question put

May 14, 2024

Second Reading

Ordered for Third Reading

May 14, 2024

Second Reading

Vote

Carried

May 14, 2024

Second Reading

Question put

April 8, 2024

First Reading

Ordered for Second Reading

April 8, 2024

First Reading

Vote

Carried

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