Forfeited Corporate Property Act, 2015

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Sections111

• [s0]

  General

• 1Interpretation

  1 (1) In this Act, “charitable corporation” means a corporation that is incorporated for charitable purposes; (“organisation caritative”) “charitable property” means, (a) any property held by a charitable corporation, and (b) any property held for charitable purposes by a corporation that is not a charitable corporation; (version anglaise seulement) “charitable purposes” means, (a) the relief of poverty, (b) education, (c) the advancement of religion, and (d) any other purpose that is beneficial to the community; (“fins de bienfaisance”) “Crown” means, unless otherwise specified, the Crown in right of Ontario; (“Couronne”) “encumbrance” means, subject to subsections (2) and (3), (a) a claim that secures payment or the performance of an obligation, including a charge under the Land Titles Act, a mortgage, a lien, a trust for securing money and a writ of execution, (b) a security interest,…

• 1.
• 2Application

  2 (1) This Act applies with respect to forfeited corporate property, except as provided in subsection (3). Same (2) For greater certainty, this Act applies with respect to forfeited corporate property whether it became forfeited corporate property before or after this section comes into force. Non-application of Act (3) This Act does not apply to forfeited corporate property if, (a) the property is mining lands as defined in the Mining Act; (b) the property is mining rights, as defined in the Mining Act, that are severed or held separate and apart from surface rights as defined in the Mining Act; (c) the property is subject to subsection 53 (1) of the Mining Act; (d) the property is located in, on or under land set apart as a provincial park or a conservation reserve under the Provincial Parks and Conservation Reserves Act, 2006; or (e) the property is located in, on or under public land…

• 2.
• 3Crown’s prior interests

  3 (1) If property was subject to liens, rights or other interests in favour of the Crown before it became forfeited corporate property, the liens, rights or other interests do not merge when the property becomes forfeited corporate property. Debts not passing to Crown (2) A prior corporate owner’s liabilities and obligations do not become the Crown’s liabilities and obligations as a result of the dissolution of the prior corporate owner. Obligations and immunities

• 3.
• 4No obligation, forfeited corporate real property

  4 (1) Despite subsections 7 (1) and (2) of the Ministry of Infrastructure Act, 2011, the Minister is not required to secure, maintain or manage forfeited corporate real property or to take any other action in relation to it until the day the Minister registers a notice under section 24 on title to the property indicating that the Crown intends to use the property for Crown purposes. 2015, c. 38, Sched. 7, s. 4 (1). Same, forfeited corporate personal property (2) The Minister is not required to secure, maintain or manage forfeited corporate personal property or to take any other action in relation to it until the day the Crown begins to use the property for Crown purposes. 2015, c. 38, Sched. 7, s. 4 (2). Immunities (3) No action or other proceeding shall be commenced and no order shall be made against the Crown, the Minister, the Deputy Minister, any servant or agent of the Crown or any …

• 4.
• 5Minister’s decisions final

  5 A decision or order of the Minister under this Act is final and not subject to review for any reason, including for the reason that a person did not receive a notice under this Act.

• 5.
• 6No entitlement to notice

  6 (1) A person is not entitled to receive a notice under this Act if, (a) the person expressly waives the entitlement to receive notice, either before or after the notice is given; or (b) after a reasonable search, the Minister is unable to find the person’s address and the Minister is not otherwise aware of the address. Same, prior corporate owner dissolved for more than 20 years (2) If a prior corporate owner has been dissolved for more than 20 years, the prior corporate owner and its directors and officers are not entitled to receive a notice under this Act.

• 6.
• 7Expropriation

  7 For greater certainty, forfeited corporate real property is not liable to be expropriated by an expropriating authority within the meaning of the Expropriations Act.

• 7.
• 8Non-application of Municipal Tax Assistance Act

  8 (1) The Municipal Tax Assistance Act does not apply in respect of forfeited corporate real property, despite the definition of “provincial property” in section 1 of that Act, until the day the Minister registers a notice under section 24 on title to the property indicating that the Crown intends to use the property for Crown purposes. Same (2) If real property became forfeited corporate real property before the day subsection (1) comes into force, subsection (1) applies in respect of the property as if subsection (1) had been in force on the day the property became forfeited corporate real property.

• 8.
• 9No interest or income payable

  9 (1) No interest or income is payable by the Crown to any person with respect to forfeited corporate property or its proceeds. 2015, c. 38, Sched. 7, s. 9. Same, revived corporation (2) For greater certainty, the revival of a prior corporate owner does not entitle the prior corporate owner to any interest or income received by the Crown in connection with forfeited corporate property while the corporation was dissolved. 2020, c. 34, Sched. 6, s. 1. Section Amendments with date in force (d/m/y) 2020, c. 34, Sched. 6, s. 1 - 08/12/2020

• 9.
• 10Legislation Act, 2006

  10 Part III (Regulations) of the Legislation Act, 2006 does not apply with respect to orders issued by the Minister under section 11, 18 or 29.

• 10.
• [s11]
• 10.1Agreements re forfeited corporate property

  10.1 The Minister may enter into agreements respecting the management and disposition of forfeited corporate property. 2020, c. 34, Sched. 6, s. 2. Section Amendments with date in force (d/m/y) 2020, c. 34, Sched. 6, s. 2 - 08/12/2020

• [s12]

  Management of Forfeited Corporate Property Interests purported to be created after dissolution

• 11.
• 11Application

  11 (1) Subject to subsection (2), this section applies in respect of any interest, including an ownership interest, that is purported to be created in forfeited corporate property after the property becomes forfeited corporate property. Exception (2) This section does not apply in respect of an interest created by a person, including a municipality, with legal authority to create the interest. Same (3) For greater certainty, the prior corporate owner or any person purporting to act on its behalf does not have legal authority to create any interest in the property. Cancellation (4) The Minister may make orders under this section cancelling interests to which this section applies, other than an interest deemed to be enforceable and valid under subsection (7). Same (5) An order cancelling an interest may include the following: 1. If the interest is registered on title to real property, dire…

• 12.
• 12Application to be registered as owner

  12 (1) The Minister may, at any time, make an application for the Crown to be registered as the owner of forfeited corporate real property. Same (2) An application mentioned in subsection (1) does not constitute a notice under section 24.

• 13.
• 13Agreement with receiver-manager

  13 (1) The Minister may enter into an agreement in writing in accordance with this section with a person to be a receiver-manager of forfeited corporate property and may by order name that person as the receiver-manager of the property described in the order. Crown agent status (2) A receiver-manager named under this section is a Crown agent for the purposes of exercising the powers and performing the duties specified in the agreement. Powers of receiver-manager (3) The agreement may permit the receiver-manager to do any of the following, subject to any conditions, restrictions or requirements set out in the agreement: 1. Exercise any power this Act gives the Minister in accordance with the requirements of this Act, with necessary modifications. 2. Exercise control over the property and preserve and protect it. 3. Make payments as may be required for the ongoing operation of the property…

• 14.
• 14Court appointed receiver-manager

  14 (1) The Minister may apply to the Superior Court of Justice for an order appointing a receiver-manager of forfeited corporate property if, in the Minister’s opinion, applying for the order is necessary for the proper administration of the property. Same (2) On application under subsection (1), the Superior Court of Justice may make an order appointing a receiver-manager of the property where it appears to a judge of the court to be just or convenient to do so. Same (3) For greater certainty, an order of the court under this section cannot authorize the expenditure of public money that has not been appropriated by the Legislature for this purpose.

• 15.
• 15Notice to vacate, where no agreement

  15 (1) Subject to subsection (5), if forfeited corporate real property is occupied, the Minister may give notice, (a) directing occupiers to vacate the property on or before the date specified in the notice; (b) directing occupiers to remove their personal property from the property on or before the specified date; and (c) notifying occupiers that the Minister may dispose of any personal property left in, on or under the property after the specified date. Same (2) A notice under subsection (1) may be given by posting the notice on the property and shall be given in accordance with any other requirements set out in the regulations. Same (3) In specifying a date in a notice under subsection (1), the Minister may take into account any circumstances, including, but not limited to, risks related to the property, risks to human health or safety or risks to the environment. Failure to vacate (4…

• 16.
• 16Notice to vacate, where agreement

  16 (1) This section applies if a person entered into an agreement or purported agreement described in subsection 15 (6) that entitled or purported to entitle a person to occupy all or part of forfeited corporate real property. 2015, c. 38, Sched. 7, s. 16 (1); 2020, c. 34, Sched. 6, s. 3 (1). Notice (2) The Minister may give a notice, in accordance with the regulations, if any, to a person who is on the property pursuant to an agreement or purported agreement as described in subsection (1), (a) directing any persons occupying the property to vacate the property on or before the date specified in the notice; (b) directing the removal of the personal property of any person occupying the property on or before the specified date; and (c) notifying the person that the Minister may dispose of any personal property left in, on or under the property after the specified date. 2015, c. 38, Sched. …

• 17.
• [s19]
• 17Entry onto real property

  17 (1) The Minister may enter onto forfeited corporate real property at any time, subject to subsection (3), and for any purpose, and may take any action the Minister determines is necessary in respect of the property. Same (2) Subsection (1) applies regardless of whether the property is being used or occupied, including if it is being occupied under an agreement or purported agreement mentioned in subsection 15 (6). Notice to occupiers (3) If the property is occupied, the Minister shall give notice to the occupiers in accordance with the regulations, if any, before entering onto the property, unless the Minister is of the opinion that there is not enough time to do so because of a risk to human health or safety, or to the environment. Emergency powers (4) Without limiting the generality of subsection (1), the Minister may enter onto forfeited corporate real property in order to investig…

• [s20]

  Cancellation of Encumbrances

• 18.
• 18Cancellation of encumbrances

  18 (1) The Minister may make orders cancelling encumbrances against forfeited corporate property that, (a) were enforceable and valid in respect of the property before it became forfeited corporate property; or (b) are deemed to be enforceable and valid in respect of the property under subsection 11 (7). 2015, c. 38, Sched. 7, s. 18 (1). Same (2) An order cancelling an encumbrance may include the following: 1. If the encumbrance is registered on title to real property, direction to delete specified documents from the title. 2. If the encumbrance is against personal property and a registration was made in respect of the encumbrance in the registration system established under the Personal Property Security Act, direction to amend the information recorded in the central file of the registration system in a specified manner. 3. In the prescribed circumstances, direction to amend or delete i…

• 19.
• 19Notice of intent to cancel encumbrances

  19 (1) The Minister shall give persons who are entitled to receive notice under section 20 at least 90 days notice of his or her intent to make an order under section 18 cancelling encumbrances against forfeited corporate property. Contents of notice (2) The notice shall contain the following information: 1. The prior corporate owner’s name. 2. The date the prior corporate owner was dissolved. 3. Information that identifies the property, such as, i. in the case of real property, a property identifier number, legal description and municipal address, ii. in the case of a motor vehicle, a vehicle identification number, and iii. in the case of other personal property, a description of the property. 4. A statement indicating that on or after the date specified in the notice, all encumbrances referred to in the notice regarding the identified property, whether registered or not, may be cancell…

• 20.
• 20Persons entitled to notice of intent

  20 A notice under section 19 of the Minister’s intent to make an order cancelling encumbrances against forfeited corporate property shall be given to the following persons: 1. In the case of property that includes real property registered under the Land Titles Act, every person who, as of the day before the notice is issued, appears by the parcel register to have an interest in the property. 2. In the case of property that includes real property to which the Registry Act applies, every person who, as of the day before the notice is issued, appears by the abstract index to have an interest in the property. 3. Every person who appears to be an execution creditor of the prior corporate owner, according to the electronic database maintained by the sheriff for the area in which the property is located. 4. In the case of real property, the clerk of each municipality in which the property is lo…

• 21.
• 21Manner of giving notice of intent

  21 (1) The Minister shall give notice of the Minister’s intent to make an order cancelling encumbrances against forfeited corporate property to a person who is entitled to receive notice under section 20 by sending it by ordinary mail or, if the Minister considers it appropriate, by registered mail or personal delivery. Registration (2) If the notice is in respect of real property, the Minister shall register the notice on title to the property. Additional ways of giving notice (3) The Minister may give notice in any additional ways that he or she considers appropriate, which may include, (a) posting the notice on the property; (b) publishing the notice in a newspaper of general circulation in the area in which the property is located; or (c) publishing the notice on a Government website or on another website available to the public. Notice to prior corporate owner (4) A notice to a prio…

• 22.
• 22Response to Minister

  22 (1) A person who intends to bring a claim or enforce an interest in the forfeited corporate property shall respond to the Minister in writing before the date specified in the notice. 2015, c. 38, Sched. 7, s. 22 (1). Contents of response (2) A response under subsection (1) shall indicate whether or not the person intends to act and may include additional information or comments. 2015, c. 38, Sched. 7, s. 22 (2). Contact information (3) A person responding to the Minister shall provide, (a) the person’s contact information, including name, address, telephone number and email address, if any; and (b) if the person has an agent or other representative, the agent’s or representative’s contact information, including name, address, telephone number and email address, if any. 2015, c. 38, Sched. 7, s. 22 (3). Notice under other Acts not sufficient (4) Notice of a proceeding relating to forfe…

• 23.
• [s26]
• 23Order deleting notice under s. 19

  23 (1) If the Minister has not made an order under section 18 after giving a notice under section 19, the Minister may make an order stating that the notice given under section 19 has no effect. Copy of order, etc. (2) If the Minister makes an order directing the deletion of a notice under subsection (1) the Minister shall, (a) give a copy of the order to, (i) any person to whom notice was given under section 19 in respect of the property, (ii) any person who responded to the Minister under section 22 in respect of the property, and (iii) any other person who requests a copy; and (b) give notice in any additional ways that the Minister gave notice under subsection 21 (3) in respect of the property. Registration, order relating to real property (3) If the order deleting the notice is in respect of forfeited corporate real property, the Minister shall register the order on title to the pro…

• [s27]

  Use of Forfeited Corporate Property for Crown Purposes Property intended to be used for Crown purposes

• 24.
• [s28]
• 24Forfeited corporate real property

  24 (1) Subject to subsections (2) and (3), the Minister may, at any time, register a notice on title to forfeited corporate real property indicating that the Crown intends to use the property for Crown purposes. 2015, c. 38, Sched. 7, s. 24 (1). Limitation, certain dissolutions (2) The Minister shall not register the notice before the third anniversary of the prior corporate owner’s dissolution, if it was dissolved under any of the following provisions: 1. Subsection 241 (4) of the Business Corporations Act or any predecessor of it. 2. Subsection 317 (9) of the Corporations Act or any predecessor of it. 3. Subsection 170 (2) of the Not-for-Profit Corporations Act, 2010 or any predecessor of it. 2015, c. 38, Sched. 7, s. 24 (2) and 43 (3). Same, co-operatives (3) The Minister shall not register the notice before the second anniversary of the prior corporate owner’s dissolution if it was a…

• [s29]

  Disposing of Forfeited Corporate Property

• 25.
• 25Disposing of forfeited corporate property

  25 (1) The Minister may dispose of forfeited corporate property under this Act, (a) at the price the Minister considers appropriate; (b) subject to any terms or conditions the Minister considers appropriate; and (c) in the manner and at the time the Minister considers appropriate. 2015, c. 38, Sched. 7, s. 25 (1). Limitation, involuntary dissolutions (2) The Minister shall not dispose of the property before the third anniversary of the prior corporate owner’s dissolution if it was dissolved under any of the following provisions: 1. Subsection 241 (4) of the Business Corporations Act or any predecessor of it. 2. Subsection 317 (9) of the Corporations Act or any predecessor of it. 2015, c. 38, Sched. 7, s. 25 (2). 3. Subsection 170 (2) of the Not-for-Profit Corporations Act, 2010 or any predecessor of it. 2015, c. 38, Sched. 7, s. 25 (2) and 43 (4). Same, co-operatives (3) The Minister sha…

• 26.
• 26Relief from forfeiture

  26 (1) The Minister may at any time and despite subsections 25 (2) and (3) waive or release all or part of the Crown’s interest in forfeited corporate property or may dispose of it by transferring or restoring it to an applicant who satisfies the Minister that the applicant has a legal or moral claim to the property based on facts that arose before the property became forfeited corporate property. 2015, c. 38, Sched. 7, s. 26 (1). Timing of application (2) Subject to subsection (3), an application under this section must be made before the earliest of the following: 1. The day that is 10 years after the day the property became forfeited corporate property. 2. The day the Minister disposes of the Crown’s interest in the property. 3. In the case of real property, the day a notice is registered on title to the property under section 24, indicating that the Crown intends to use the property …

• 27.
• 27Charitable property

  27 (1) The Minister may dispose of charitable property that is forfeited corporate property by transferring, assigning or otherwise conveying it to a charity that the Minister considers to be appropriate in the circumstances, after consulting with the Public Guardian and Trustee. Disposition to person other than charity (2) If the Minister disposes of charitable property that is forfeited corporate property by transferring, assigning or otherwise conveying it to a person other than a charity, the Minister may pay an amount not exceeding an amount equal to the proceeds to a charity that the Minister considers to be appropriate in the circumstances, after consulting with the Public Guardian and Trustee, from money appropriated by the Legislature for this purpose.

• 28.
• 28Repealed

  28 Repealed: 2020, c. 34, Sched. 6, s. 6. Section Amendments with date in force (d/m/y) 2020, c. 34, Sched. 6, s. 6 - 01/01/2021

• 29.
• [s34]
• 29Order to transfer certain real property

  29 (1) The Minister may, by order, transfer forfeited corporate real property in accordance with subsections (1.1) and (2) to any of the following persons or entities, as the Minister determines is appropriate: 0.1 Any other co-owners registered on title to the property. 1. A municipality in which the property is located. 2. A conservation authority with jurisdiction over any area in which the property is located. 2.1 A board of a local roads area established under the Local Roads Boards Act. 2.2 A Local Services Board established under Part I of the Northern Services Boards Act. 3. In the case of property that is part of a property, as defined in the Condominium Act, 1998, to which the objects and duties of a condominium corporation under section 17 of that Act apply, that corporation. 4. An abutting property owner. 5. A prescribed person or entity. 2015, c. 38, Sched. 7, s. 29 (1); 202…

• [s35]

  Amounts Due to the Crown

• 30.
• 30Amounts due to the Crown

  30 (1) The Minister may determine the following amounts in connection with each forfeited corporate property in accordance with the regulations, if any: 1. The amount of costs the Crown incurred, including, i. costs incurred before the day this section came into force, and ii. costs incurred in connection with the disposition of the property. 2. Amounts the Crown may be obligated to pay under an agreement. 2.1 Amounts owed to the Crown under an agreement. 3. Reasonable amounts for time and resources expended by employees of the Crown. 4. The amount of fees charged under this Act. 2015, c. 38, Sched. 7, s. 30 (1); 2020, c. 34, Sched. 6, s. 8 (1). Debt owing to Crown (2) Amounts determined under subsection (1) are a debt due to the Crown and may be recovered, among other ways, (a) out of the proceeds of, (i) all or part of the property, or (ii) any other forfeited corporate property of the…

• 31.
• 31Order against former officers and directors

  31 (1) The Minister may apply to the Superior Court of Justice for an order, (a) determining the individuals who were the officers or directors of the prior corporate owner of forfeited corporate property; and (b) requiring the individuals determined under clause (a) to pay some or all amounts determined under section 30. Same (2) For the purposes of an application under subsection (1), the Court shall determine the individuals who were the officers or directors in the two years before the dissolution of the prior corporate owner. Same (3) If the Court determines that there were no individuals who were officers or directors in the two years before the dissolution of the prior corporate owner, the Court may make the determination in respect of the most recent two years before the dissolution in which the Court determines there were individuals who were officers or directors. Exception, co…

• 32.
• 32Special lien

  32 (1) In the circumstances described in subsection (2) or (3), the amounts determined under section 30 constitute a special lien, (a) against the forfeited corporate real property to which the amounts relate; (b) if the amounts relate to personal property described in subparagraph 1 i of subsection 1 (6), against the forfeited corporate real property described in that subparagraph; and (c) if the amounts relate to personal property described in subparagraph 1 ii of subsection 1 (6), against the forfeited corporate real property described in that subparagraph. Corporate revival (2) If the prior corporate owner is revived and the property to which the amounts relate is returned to the prior corporate owner, the special lien is deemed to be enforceable against the real property mentioned in clause (1) (a), (b) or (c) upon revival. Disposition by person other than Crown (3) If a person who …

• 33.
• 33Distribution of proceeds

  33 (1) If the Minister disposes of forfeited corporate property under this Act and there are proceeds of the disposition, the Minister may direct that payments be made in accordance with this section and the regulations, if any. Maximum amount (2) The total amount of payments that may be made following a particular disposition of forfeited corporate property under this Act shall not exceed the amount equal to the proceeds of the disposition, less any amounts deducted under section 30. Deduction of amounts due to the Crown (3) The amounts due to the Crown in relation to the property, as determined under section 30, may be deducted before any payments are made under subsection (5) or any payment into court is made under clause (7) (a). Notice respecting disposition (4) No later than 15 days after property is disposed of under this Act and before any payments are made under subsection (5) o…

• 34.
• [s40]
• 34Expenditures

  34 All expenditures required for the purposes of this Act, including expenditures incurred by a receiver-manager in respect of forfeited corporate property, shall be made out of the money appropriated for this purpose by the Legislature.

• [s41]

  Remedies

• 35.
• 34.1Availability of remedies

  34.1 For greater certainty, (a) a vesting order may not be granted under section 100 of the Courts of Justice Act in respect of forfeited corporate property; (b) a declaratory order may be granted in respect of forfeited corporate property; and (c) forfeited corporate real property may be sold in power of sale proceedings in accordance with clause 242 (1) (d) of the Business Corporations Act. 2020, c. 34, Sched. 6, s. 9. Section Amendments with date in force (d/m/y) 2020, c. 34, Sched. 6, s. 9 - 08/12/2020

• 36.
• [s43]

  Collection and Use of Information

• 37.
• 35Personal information

  35 (1) The Minister is authorized to collect personal information for the purpose of administering this Act. Direct or indirect collection (2) The collection authorized by subsection (1) may be done, (a) directly; or (b) indirectly, if indirect collection is reasonably required in the circumstances. General notice of collection (3) If the Minister collects personal information indirectly, he or she shall give a general notice of collection in one or both of the following ways: 1. Posting the notice on the relevant forfeited corporate property. 2. Publishing the notice on a Government website or on another website available to the public. Contents (4) A notice under subsection (3) shall contain, (a) a description of the type of personal information that is collected; (b) a statement of the principal purpose for which the personal information is intended to be used; and (c) the title, busi…

• 38.
• [s45]
• 36Notice requiring provision of information

  36 (1) Subject to the regulations, if any, the Minister may give a notice requiring any person or entity to provide information that is in the person’s or entity’s possession or control and, in the opinion of the Minister, relates to forfeited corporate property, including the following information: 1. Personal information, including contact information of a person or entity to whom the Minister intends to give a notice under this Act. 2. Information about forfeited corporate property, including corporate records of a prior corporate owner of the property and information about activities of any person purporting to act after dissolution in respect of the property. 3. Information about any interest in property that existed before the property became forfeited corporate property. Same, oath or affirmation (2) The notice may require that the information be provided on oath or affirmation. F…

• 37Grounds for refusal to provide information

  37 (1) A person or entity is not required to provide information under section 36 if the record containing the information is subject to solicitor-client privilege, litigation privilege or settlement privilege. Failure to comply (2) If a person or entity that receives a notice under section 36 refuses under subsection (1) to provide the required information and the Minister is of the opinion that subsection (1) does not apply, the Minister may apply to the Superior Court of Justice for an order compelling the person or entity to provide the information.

• 39.
• [s47]
• 38Use and disclosure of information

  38 Information that is collected under this Act may be used and disclosed for the purposes of the administration of this Act, the Escheats Act, 2015 or any other Ontario law governing property that escheated or forfeited to the Crown or corporate dissolution.

• [s48]
• 39Repealed

  39 Repealed: 2020, c. 34, Sched. 6, s. 10. Section Amendments with date in force (d/m/y) 2020, c. 34, Sched. 6, s. 10 - 01/01/2021

• 40.
• [s49]

  Regulations and Transitional Matters

• 41.
• [s50]
• 40Regulations, Minister

  40 The Minister may make regulations, (a) prescribing additional powers of a receiver-manager under paragraph 6 of subsection 13 (3); (b) respecting notice to be given under sections 15, 16, 17, 25, subsection 29 (4) and section 36; (c) prescribing persons entitled to receive a notice under paragraph 12 of section 20; (d) governing applications for relief from forfeiture under subsection 26 (4).

• 42.
• 41Regulations, Lieutenant Governor in Council

  41 The Lieutenant Governor in Council may make regulations, (a) prescribing steps the Minister is required to take with respect to an order that includes a direction described in paragraph 3 of subsection 11 (5) or paragraph 3 of subsection 18 (2); (b) prescribing steps that a person responsible for a prescribed public registry is required to take in response to an order mentioned in clause (a); (c) respecting transfers of property described in section 29, including governing the requirement for consent as mentioned in clause 29 (6) (b); (d) governing the determination of amounts under section 30; (e) respecting any matter necessary for the purposes of section 33, including establishing a process for resolving disputes in respect of the distribution of proceeds of disposition of forfeited corporate property; (f) requiring the payment of fees for anything done under this Act and prescribi…

• 42Deemed day of dissolution

  42 (1) For the purposes of applying the following provisions, a prior corporate owner’s dissolution is deemed to have occurred on the day section 2 comes into force if the prior corporate owner was dissolved before that day: 1. Subsection 18 (5). 2. Subsection 24 (2). 3. Clause 24 (6) (a). 4. Subsection 25 (2). Same, corporation dissolved for more than 20 years (2) Subsection (1) does not apply if the prior corporate owner has been dissolved under subsection 241 (4) of the Business Corporations Act or any predecessor of it more than 20 years before the third anniversary of the day section 2 comes into force. Deemed day for purposes of para. 1 of subs. 26 (2) (3) For the purposes of paragraph 1 of subsection 26 (2), property that became forfeited corporate property before the day section 2 comes into force is deemed to have become forfeited corporate property on the day section 2 comes in…

• 44.-61
• 43

  43 Omitted (provides for amendments to this Act).

• 62.
• 44-61

  44-61 Omitted (amends, repeals or revokes other legislation).

• 62

  62 Omitted (provides for coming into force of provisions of this Act).

• 63

  63 Omitted (enacts short title of this Act).