2003 Legislative Session: 4th Session, 37th Parliament
FIRST READING


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


MR. JEFF BRAY

BILL Pr 411 -- 2003

RICHROCK MINES LTD. (N.P.L.)
(CORPORATE RESTORATION) ACT, 2003

Contents

Section  
1  Definitions
2  Company restored
3  Company continued
4  Rights

WHEREAS Rosario Cateno Di Bella of the City of Victoria, in the Province of British Columbia, has by his petition represented

(a) that Richrock Mines Ltd. (N.P.L.) (the "Company") was incorporated in British Columbia on August 22, 1955 under Certificate of Incorporation No. 0034562 issued pursuant to the Company Act, R.S.B.C. 1948, c. 58, in effect as at that date,

(b) that the Company was struck off the Register of Companies on September 20, 1985,

(c) that a notice was published in the British Columbia Gazette on August 15, 1985, pursuant to the Company Act, R.S.B.C. 1979, c. 59, stating that the Company would be struck off 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 October 3, stating that the Company was struck off the Register of Companies and dissolved on September 20, 1985,

(e) that, despite the notice referred to in paragraph (d), the Company, having no knowledge of the publication of that notice, continued to carry on business 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 that Act for the revival of a company more than 10 years after it has been dissolved, the Company cannot be revived except by a special Act of the Legislature of British Columbia;

AND WHEREAS Rosario Cateno Di Bella has by his petition requested that it be enacted as follows, and it is expedient to grant the request in the petition;

THEREFORE, HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

Definitions

1 In this Act:

"Company" means Richrock Mines Ltd. (N.P.L.) (Incorporation No. 0034562);

"Register" means the Register of Companies;

"Registrar" means the Registrar of Companies.

Company restored

2 The Company is restored to the Register under the corporate name Richrock Mines Ltd. (N.P.L.) commencing on the date that a copy of this Act, certified by the Law Clerk of the Legislative Assembly, is filed with the Registrar.

Company continued

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

Rights

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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