778624 Ontario Limited Act, 2026
Sponsored by Bailey, Robert · Royal Assent received. Statutes of Ontario 2026, chapter Pr20
- Revives the dissolved company 778624 Ontario Limited as a legal corporation
- The company was dissolved in 1995 for failing to comply with the Corporations Tax Act
- Frank Romano, estate trustee for Danny Romano's estate, applied for the revival
- Danny Romano was the sole shareholder of the corporation when it was dissolved
- Revival restores the company's property, rights, and privileges as if never dissolved
- Purpose is to deal with property held in the company's name and resume its business
- The Act takes effect on the day it receives Royal Assent