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Ontario Bill PR21

43rd Parl. 1st Sess.
October 26, 2023
  • This is a law called Bill PR21 2023. It is about reviving a company called 1105954 Ontario Limited. The person named David Potipcoe wants to bring back the company because he was the only director, officer, and shareholder when it was dissolved. The company was dissolved on September 30, 2022, but now David wants to revive it so he can deal with some property that the company still owns. The law says that the company will be revived and will have all its rights and property back, just like it never got dissolved. The law will start working as soon as it gets approved by the government. The official name of this law is the 1105954 Ontario Limited Act, 2023.
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Bill PR21 2023

An Act to revive 1105954 Ontario Limited

Preamble

David Potipcoe has applied for special legislation to revive 1105954 Ontario Limited. The applicant represents that he was the sole director, officer and shareholder of the corporation when it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on September 30, 2022 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to deal with certain property held in the corporation’s name at the time of the dissolution.

It 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

1 1105954 Ontario Limited 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 1105954 Ontario Limited Act, 2023.