EXPLANATORY NOTE

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

Bill PR45 2021

An Act to revive 1825821 Ontario Ltd.

Preamble

Tomas Tocek has applied for special legislation to revive 1825821 Ontario Ltd. The applicant represents that he was the director of the corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on June 27, 2017 pursuant to articles of dissolution. The applicant would like to revive the corporation in order to deal with certain outstanding tax matters relating to the corporation.

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 1825821 Ontario Ltd. 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 1825821 Ontario Ltd. Act, 2021.