p42 s2 bill pr52 Pr52 e.pdf

Ontario — Debates (Hansard)

2ND SESSION, 42ND LEGISLATURE, ONTARIO ELIZABETH II, 2021 Bill Pr52

An Act to revive Ontario Inc. Mrs. D. Wai Private Bill 1st Reading October 26, 2021 2nd Reading 3rd Reading Royal Assent Bill Pr52

An Act to revive Ontario Inc.

Preamble Yongyi Xu has applied for special legislation to revive Ontario Inc. The applicant represents that she was the sole director and shareholder of the corporation at the time of its dissolution. The corporation was voluntarily dissolved under the Business Corporations Act on November 16, 2020 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to participate in legal proceedings. 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 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, contrac ts, 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 Ontario Inc. Act, 2021. ______________ EXPLANATORY NOTE The purpose of the Bill is set out in the

Preamble.

Document details

Collection	Ontario — Debates (Hansard)
Citation	p42 s2 bill pr52 Pr52 e.pdf
Type	bill
Volume / chapter	p42 s2 bill pr52 Pr52 e.pdf
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	ead286b4e5819ace7d93988fce23ca73bf0678c0

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