Faradale Farms Ltd. Act, 2011 Martiniuk, Gerry — Private Bill PR39 (39th Parliament, 2nd Session)

Bill PR39, 39-2

Ontario — Bills

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Bill PR39, Faradale Farms Ltd. Act, 2011

Martiniuk, Gerry

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[39] Bill 39 Original (PDF)

Bill PR39 2011

An Act to revive Faradale Farms Ltd.

Preamble

Clarence

Ian Farrow has applied for special legislation to revive Faradale Farms Ltd. The

applicant represents that he is a shareholder of Faradale Farms Ltd. and was a

shareholder of the Corporation when it was dissolved. The corporation was dissolved

pursuant to

section 241 of the Business Corporations Act

as a result of a default under the Corporations Tax Act

on February 12, 1990 for failure to prepare and file corporate tax returns. The

applicant represents that the default was inadvertent as the business carried

on by Faradale Farms Ltd. was no longer being carried on by the corporation but

was being carried on by individuals. At the time of its dissolution, Faradale

Farms Ltd. was the owner of certain lands and premises in the geographic Township of Arran, in the Municipality of Arran-Elderslie, in the County of Bruce.

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

1. Faradale

Farms 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

2. This Act comes into force on the day it

receives Royal Assent.

Short title

3. The

short title of this Act is the Faradale Farms Ltd. Act, 2011 .

EXPLANATORY NOTE

The purpose of the Bill is set out

in the

Preamble.

Date Bill stage Activity Committee

April 12, 2011

Ordered referred to Standing Committee

Standing Committee on Regulations and Private Bills

April 12, 2011

First Reading

Carried

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Document details

Collection	Ontario — Bills
Citation	Bill PR39, 39-2
Type	bill
Volume / chapter	p39 s2 bill pr39 html
Language	en
Format	html
Source	PROVINCIAL
Identifier	e03243e51fd1c305a41c0bc4608283a9614e8acb

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