2001 Legislative Session: 2nd Session, 37th Parliament
FIRST READING


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


MR. TOM CHRISTENSEN

BILL Pr 402 -- 2001

FUMERTON HOLDINGS LIMITED
(CORPORATE RESTORATION) ACT, 2001

WHEREAS Grant Fumerton, of the City of Kelowna, in the Province of British Columbia, has by his petition represented

(a) that the Company was incorporated in British Columbia on August 13, 1953 under Certificate of Incorporation No. 30646 issued pursuant to the Companies Act, R.S.B.C. 1948, c. 58, as amended,

(b) that the Company 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 November 27, 1986, 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 January 15, 1987, stating that the Company was struck off the Register and dissolved on January 2, 1987,

(e) that, despite the notice, the sole director 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 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 Grant Fumerton 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:

Definitions

1 In this Act:

"Company" means Fumerton Holdings Limited;

"Register" means the Register of Companies;

"Registrar" means the Registrar of Companies.

Company restored

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.

Company continued

3 On its restoration, the Company is deemed to have continued in existence as if its name 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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