861282 Ontario Limited Act, 2026
Sponsored by Kanapathi, Logan · First Reading Ordered for Second Reading
- Revives the dissolved company 861282 Ontario Limited under special Ontario legislation
- Company was voluntarily dissolved on June 25, 2024 under the Business Corporations Act
- Applicant Tracy M. Schembri was a director, officer, and is estate trustee of the sole shareholder's estate
- Revival aims to allow dealing with property held in the corporation's name at dissolution
- Restores the corporation's legal position, property, rights, and liabilities as if never dissolved
- Act takes effect on the day it receives Royal Assent