Acts and Regulations

C-13 - Companies Act

Section 35.3
Disposition versions

Full text
Liability of company and others within two years after dissolution
35.3(1)Notwithstanding the dissolution of a company under this Act,
(a) a civil, criminal or administrative action or proceeding commenced by or against the company before its dissolution may be continued as if the company had not been dissolved,
(b) a civil, criminal or administrative action or proceeding may be brought against the company within two years after its dissolution as if the company had not been dissolved, and
(c) any property distributed to shareholders that would otherwise have been available to satisfy any judgment or order if the company had not been dissolved remains available for such purpose.
35.3(2)Service of a document on a company after its dissolution may be effected by serving the document upon a person shown in the last notice filed under subsection 87(6), or if no notice has been filed under that subsection, upon a person shown as a director in the letters patent.
35.3(3)Notwithstanding the dissolution of a company, a shareholder to whom any of its property has been distributed is liable to any person claiming under subsection (1) to the extent of the amount received by that shareholder upon such distribution, and an action to enforce such liability may be brought within two years after the date of dissolution of the company.
2003, c.15, s.3
Liability of company and others within two years after dissolution
35.3(1)Notwithstanding the dissolution of a company under this Act,
(a) a civil, criminal or administrative action or proceeding commenced by or against the company before its dissolution may be continued as if the company had not been dissolved,
(b) a civil, criminal or administrative action or proceeding may be brought against the company within two years after its dissolution as if the company had not been dissolved, and
(c) any property distributed to shareholders that would otherwise have been available to satisfy any judgment or order if the company had not been dissolved remains available for such purpose.
35.3(2)Service of a document on a company after its dissolution may be effected by serving the document upon a person shown in the last notice filed under subsection 87(6), or if no notice has been filed under that subsection, upon a person shown as a director in the letters patent.
35.3(3)Notwithstanding the dissolution of a company, a shareholder to whom any of its property has been distributed is liable to any person claiming under subsection (1) to the extent of the amount received by that shareholder upon such distribution, and an action to enforce such liability may be brought within two years after the date of dissolution of the company.
2003, c.15, s.3