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Bill PR7, Welberne Holding Corp. Act, 2022

Kernaghan, Terence

Royal Assent received. Statutes of Ontario 2022,

chapter Pr21

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Status

Royal Assent

Original

Bill PR7 Royal Assent (PDF)

Bill PR7 2022

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.

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 .

Bill PR7 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR7 2022

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.

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 .

Date Bill stage Event Outcome Committee

December 8, 2022

Royal Assent

Royal Assent received

December 7, 2022

Third Reading

Vote

Carried

December 7, 2022

Third Reading

Question put

December 7, 2022

Second Reading

Ordered for Third Reading

December 7, 2022

Second Reading

Vote

Carried

December 7, 2022

Second Reading

Question put

October 25, 2022

First Reading

Ordered for Second Reading

October 25, 2022

First Reading

Vote

Carried

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