181 (1) Subject to subsection (9), a corporation may, if it is authorized by the shareholders and the Director in accordance with this section, apply to the appropriate official or public body of another jurisdiction requesting that the corporation be continued as if it had been incorporated under the laws of that other jurisdiction.  R.S.O. 1990, c. B.16, s. 181 (1). Notice to shareholders (2) The notice of the meeting of shareholders shall include or be accompanied by a statement that a dissenting shareholder is entitled to be paid the fair value of the shares in accordance with section 185, but failure to make that statement does not invalidate an authorization under clause (3) (a).  R.S.O. 1990, c. B.16, s. 181 (2). Application for continuance (3) An application for continuance becomes authorized, (a)  by the shareholders when the shareholders voting thereon have approved of the continuance by a special resolution; and (b)  by the Director when, following receipt from the corporation of an application and any other required documents and information, the Director endorses the application with an authorization.  R.S.O. 1990, c. B.16, s. 181 (3); 2017, c. 20, Sched. 6, s. 19 (1). Authorization by Director (4) The Director may endorse the authorization if he or she is satisfied that the application is not prohibited by subsection (9).  R.S.O. 1990, c. B.16, s. 181 (4); 2017, c. 20, Sched. 6, s. 19 (2). Abandoning application (5) The directors of a corporation may, if authorized by the shareholders, abandon an application without further approval of the shareholders.  R.S.O. 1990, c. B.16, s. 181 (5). Time limit to Director's authorization (6) The authorization of the Director for an application for continuance expires six months after the date of endorsement of the authorization unless, within the six-month period, the corporation is continued under the laws of the other jurisdiction.  2000, c. 26, Sched. B, s. 3 (7); 2017, c. 20, Sched. 6, s. 19 (3). Filing instrument of continuance (7) The corporation shall file with the Director a copy of the instrument of continuance issued to it by the other jurisdiction within sixty days after the date of issuance.  R.S.O. 1990, c. B.16, s. 181 (7). Equivalent of filing (7.1) If the appropriate official or public body of the other jurisdiction notifies the Director that it has issued an instrument of continuance to the corporation, the Director may, if the Director is of the opinion that it is appropriate to do so and is satisfied that the corporation has satisfied the requirements of this section, notify the corporation that it is deemed to have complied with subsection (7). 2017, c. 20, Sched. 6, s. 19 (4). Effective date (8) This Act ceases to apply to the corporation on the date upon which the corporation is continued under the laws of the other jurisdiction.  R.S.O. 1990, c. B.16, s. 181 (8). Continuance in outside jurisdiction (9) A corporation shall not apply under subsection (1) to be continued as a body corporate under the laws of another jurisdiction unless those laws provide in effect that, (a)  the property of the corporation continues to be the property of the body corporate; (b)  the body corporate continues to be liable for the obligations of the corporation; (c)  an existing cause of action, claim or liability to prosecution is unaffected; (d)  a civil, criminal or administrative action or proceeding pending by or against the corporation may be continued to be prosecuted by or against the body corporate; and (e)  a conviction against the corporation may be enforced against the body corporate or a ruling, order or judgment in favour of or against the corporation may be enforced by or against the body corporate.  R.S.O. 1990, c. B.16, s. 181 (9). Section Amendments with date in force (d/m/y) 2000, c. 26, Sched. B, s. 3 (7) - 06/12/2000 2017, c. 20, Sched. 6, s. 19 (1, 4) - 19/10/2021; 2017, c. 20, Sched. 6, s. 19 (2, 3) - 14/11/2017