114 (1) A body corporate incorporated or continued under the laws of any jurisdiction other than Ontario may apply to the Director for a certificate of continuance if,  (a)  so authorized by the statute that governs its corporate status; and (b)  the body corporate satisfies, or by its articles of continuance would satisfy, the requirements for incorporation under this Act. 2010, c. 15, s. 114 (1). Amendments in articles of continuance (2) A body corporate that applies for a certificate under subsection (1) may effect by its articles of continuance any amendment to its Act of incorporation, articles, letters patent or memorandum or articles of association that a corporation incorporated under this Act may make to its articles. 2010, c. 15, s. 114 (2). Conversion from share capital to non-share capital (3) If the body corporate is a body corporate with share capital, it shall establish the terms and conditions on which it is converted to a corporation. 2010, c. 15, s. 114 (3). Articles of continuance (4) If a body corporate wishes to apply for a certificate under subsection (1), the body corporate shall file articles of continuance and any required documents and information with the Director. 2017, c. 20, Sched. 8, s. 27 (1). Certificate of continuance (5) Upon receipt of articles of continuance, together with any required documents and information and the required fee, the Director may, on the terms and subject to the limitations and conditions that the Director considers fit, issue a certificate of continuance by endorsing the articles in accordance with section 201, and the endorsed articles constitute the certificate of continuance. 2017, c. 20, Sched. 8, s. 27 (1). Effect of certificate of continuance (6) From the date shown in the certificate of continuance, (a)  the body corporate becomes a corporation to which this Act applies as if it had been incorporated under this Act; (b)  the articles of continuance are deemed to be the articles of incorporation of the continued corporation; (c)  the certificate of continuance is deemed to be the certificate of incorporation of the continued corporation, except for the purposes of subsection 32 (1); and (d)  any shareholders or members of the body corporate cease to be shareholders or members of the body corporate and become members of the continued corporation. 2010, c. 15, s. 114 (6). Notification of continuance (7) The Director may notify the appropriate official or public body in the jurisdiction in which continuance under this Act is authorized that a certificate of continuance has been issued. 2017, c. 20, Sched. 8, s. 27 (2). Rights preserved (8) From the date of continuance of a body corporate as a corporation under this Act, (a)  the property of the body corporate continues to be the property of the corporation; (b)  the corporation continues to be liable for the obligations of the body corporate; (c)  an existing cause of action, claim or liability to prosecution is unaffected; (d)  any civil, criminal, administrative, investigative or other action or proceeding pending by or against the body corporate may be continued by or against the corporation; and (e)  any conviction against, or ruling, order or judgment in favour of or against the body corporate may be enforced by or against the corporation. 2010, c. 15, s. 114 (8). Deemed compliance (9) A membership in a body corporate issued before the body corporate was continued under this Act is deemed to have been issued in compliance with this Act and the articles of continuance. 2010, c. 15, s. 114 (9). Section Amendments with date in force (d/m/y) 2017, c. 20, Sched. 8, s. 27 (1, 2) - 19/10/2021