1998/99 Legislative Session: 3rd Session, 36th Parliament
THIRD READING


The following electronic version is for informational purposes only.
The printed version remains the official version.


Certified correct as passed Third Reading on the 5th day of July, 1999
Ian D. Izard, Law Clerk


MR. STEVE ORCHERTON

BILL Pr 403 -- 1999

POULOS INVESTMENTS LTD.
(CORPORATE RESTORATION) ACT, 1999

WHEREAS George Poulos, of the City of Calgary, in the Province of Alberta, has by his petition represented

(a) that the Company was incorporated on June 10, 1969 under Certificate of Incorporation No. 87331 issued pursuant to the British Columbia Companies Act, R.S.B.C. 1960, c. 67, as amended;

(b) that the Company for two consecutive years failed to file with the Registrar an annual report, as required under the Company Act;

(c) that a notice was published in the British Columbia Gazette on September 24, 1987, pursuant to the Company Act, stating that the Company would be struck from the Register of Companies and dissolved unless, within one month after the publication of the notice, cause was shown to the contrary;

(d) that a notice was published in the British Columbia Gazette on November 12, 1987, stating that the Company was struck off the Register and dissolved on October 30, 1987;

(e) that, notwithstanding the said notice, the directors of the Company, having no knowledge of its publication in the British Columbia Gazette, continued to carry on the business of the Company as if it had not been dissolved;

(f) that it will not be possible to continue carrying on the business of the Company unless the Company is revived; and

(g) that, since the Company was a corporation to which the Company Act applied and since there is no provision in the said Act for the revival of a company more than ten years after it has been dissolved, the Company cannot be revived except by a special Act of the Legislature of British Columbia;

AND WHEREAS the said George Poulos has by his petition requested that it be enacted as follows, and it is expedient to grant the request in the petition;

NOW, THEREFORE, Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1. In this Act:

"Company" means Poulos Investments Ltd.;

"Register" means the Register of Companies;

"Registrar" means the Registrar of Companies.

2. The Company is restored to the Register commencing on the date that a copy of this Act certified by the Clerk of the Legislative Assembly is filed with the Registrar.

3. On its restoration, the Company shall be deemed to have continued in existence as if its name had never been struck off the Register.

4. Nothing in sections 2 and 3 prejudices the rights of any person that were acquired before the date on which the Company is restored to the Register.


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Copyright 1999: Queen's Printer, Victoria, British Columbia, Canada