October 17, 2014 CNCA Deadline Approaches: Can Dissolved Corporations Be Revived If Not Continued?

As has been written about previously in our posting The Clock is Ticking on Continuance -- What Will Happen on October 17, 2014 If Your Organization Hasn't Continued under the CNCA?, corporations governed by the Canada Corporations Act have until October 17, 2014 to continue under the Canada Not-for-profit Corporations Act<\\u002fem> ("CNCA").   If a corporation fails to continue within the time frame specified under the CNCA or a Pending Dissolution Notice issued by the government, the corporation will be dissolved.

In case this deadline has induced any panic, it may be reassuring to know that the CNCA does provide a process for reviving dissolved corporations.  A revival allows a corporation dissolved under the CNCA to be restored to its legal position as at the date on the Certificate of Revival in the same manner and to the same extent as if it had not been dissolved.  Any interested person can apply for revival.  An interested person can be a member,