Articles and certificate of revival
136(1)Where a corporation is dissolved, any interested person may apply to the Director to have the corporation revived.
136(2)Where a body corporate has had its charter forfeited under the
Companies Act, any interested person may apply to the Director to have the body corporate revived as a corporation under this Act.
136(3)Articles of revival shall be sent to the Director in the form provided by the Director.
136(4)Upon receipt of articles of revival, the Director may issue a certificate of revival.
136(4.1)Where a corporation is dissolved under section 139 or where a body corporate has had its charter forfeited under the
Companies Act, the Lieutenant-Governor in Council may, in writing, direct the Director to revive the corporation or body corporate, as the case may be.
136(4.2)Where the Director receives a direction from the Lieutenant-Governor in Council under subsection (4.1), the Director shall issue a certificate of revival.
136(5)Subject to subsection (6), a corporation or body corporate is revived on the date shown on the certificate of revival and thereafter the corporation or body corporate, subject to the rights acquired by any person after its dissolution, has all the rights and privileges and is liable for the obligations that it would have had if it had not been dissolved or had its charter forfeited.
(a)
impose any terms upon the issuance of the certificate of revival, or
(b)
direct a body corporate to apply for a certificate of continuance under section 126.
1997, c.22, s.1; 2000, c.46, s.1; 2014, c.50, s.12; 2023, c.2, s.103; 2023, c.2, s.155