41:2 Projet de loi PR78, 608524 Ontario Inc. Act, 2017

Crack, Grant

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608524 Ontario Inc. Act, 2017

EXPLANATORY NOTE

The purpose of the Bill is set out in the Preamble.

Bill Pr78                                                                                                                                               2017

An Act to revive 608524 Ontario Inc.

Preamble

Charlotte Lee has applied for special legislation to revive 608524 Ontario Inc. The applicant represents that she was the secretary of the corporation when it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on January 2, 2003 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to deal with certain property that was held in the corporation’s name at the time of the dissolution.

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

1 608524 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, 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 608524 Ontario Inc. Act, 2017.

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