Situation

An inactive corporation has an interest registered in its name, but it is no longer actively registered with the Corporate Registry.

NOTE: An inactive corporation is one that has been struck off from the Corporate Registry.

Solution

When an inactive corporation wishes to discharge an interest, the inactive corporation must:

1. Get re-instated at the Corporations Registry;
2. Obtain a Court Order; or
3. Provide ISC with an Affidavit sworn by a person who was a director or officer of the corporation immediately prior to dissolution. The Affidavit must:
• Confirm that the corporation was validly registered at the Corporate Registry at the time the interest was registered;
• State the affiant’s position (director or officer) within the corporation and that the position was held immediately before coming inactive;
• Be accompanied by evidence that the corporation was registered at the time that the interest was registered

And

• Include an authorization executed by former director or officer

NOTE: The above only applies to interests and DOES NOT include titles.