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Bill PR55, London Hydro Holdings Inc. Act, 2026

Rae, Matthew

Current status:

First Reading Ordered for Second Reading

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Status

Original

Bill PR55 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR55 2026

Act to revive London Hydro Holdings Inc.

Preamble

Michael

Schulthess has applied for special legislation to revive London Hydro Holdings

Inc. The applicant represents that he was the authorized representative for the

sole shareholder, the Corporation of the City of London, of London Hydro

Holdings Inc. at the time it was dissolved. The corporation was voluntarily

dissolved under the Business Corporations Act on

February 1, 2002 pursuant to articles of dissolution. The applicant represents

that he would like to revive the corporation in order to resume carrying on the

business it conducted before its 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

London

Hydro Holdings 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,

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 London Hydro Holdings

Inc. Act, 2026 .

Date Bill stage Event Outcome Committee

June 1, 2026

First Reading

Ordered for Second Reading

June 1, 2026

First Reading

Vote

Carried

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