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OntarioPassed40th Parliament, 2nd Session

Bill PR29 explained in plain English

394557 Ontario Limited Act, 2014

Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.

At a glance

Jurisdiction
Ontario Legislature
Legislature / Parliament
Legislative Assembly of Ontario
Session
40th Parliament, 2nd Session
Bill number
Bill PR29
Full title
394557 Ontario Limited Act, 2014
Current status
Passed
Latest event
Royal Assent received
Last updated
Apr 29, 2014
Sponsor

Official Legislative Assembly of Ontario snapshot for 40th Parliament, 2nd Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.

Chamber
Legislative Assembly of Ontario
Current Stage
Royal Assent received
Latest Activity
Apr 29, 2014
Sponsor
Plain-language explanation
In plain English (our explanation)

Our plain-language take, written for civic education.

Source: By PoliticalData.ca

AI-assisted, reviewed before publishing
Short Version

Bill PR29, 394557 Ontario Limited Act, 2014, revives the dissolved corporation 394557 Ontario Limited to deal with its former property.

What It Means

This Act revives a corporation named 394557 Ontario Limited. The corporation was dissolved on October 18, 1982, for failing to comply with the Corporations Tax Act. The revival is to allow dealing with property that was in the corporation's name when it dissolved. The corporation is restored to its legal position as if it had not been dissolved, subject to any rights acquired by others after its dissolution.

What This Bill Does
  • Revives the corporation 394557 Ontario Limited.
  • Restores the corporation to its legal position as if it had not been dissolved.
  • The revival is subject to any rights acquired by any person after the corporation's dissolution.
  • The corporation is subject to all its previous liabilities, contracts, disabilities, and debts.
Who Is Affected
  • 394557 Ontario Limited (the corporation)
  • Vincent Muia (applicant and former director)
  • Persons who may have acquired rights after the corporation's dissolution
Rights, Duties, Or Obligations
  • The revived corporation is subject to all its previous liabilities, contracts, disabilities, and debts.
  • The revival is subject to any rights acquired by any person after the corporation's dissolution.
Important Dates
  • The Act comes into force on the day it receives Royal Assent (April 29, 2014).
  • The corporation was dissolved on October 18, 1982.
Financial Or Tax Impacts
  • The corporation was originally dissolved for failure to comply with the Corporations Tax Act.
  • The revival means the corporation is subject to its previous liabilities, which may include tax-related debts.
Uncertainties Or Limits
  • The extent of rights acquired by third parties after the dissolution is not detailed.
  • The specific nature of the property to be dealt with is not detailed.
  • The specific liabilities, contracts, disabilities, and debts the corporation is subject to are not detailed.
Laws Or Regulations Affected
Business Corporations Act
revival of a dissolved corporation

This Act allows for the revival of 394557 Ontario Limited, which was originally dissolved under the Business Corporations Act.

Source: Preamble

Corporations Tax Act
revival of a corporation dissolved for non-compliance

This Act allows for the revival of 394557 Ontario Limited, which was dissolved for failing to comply with the Corporations Tax Act.

Source: Preamble

Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.

Official text

Process Snapshot

Step 1
First reading
Mar 26, 2014
Step 2
Second reading
Apr 28, 2014
Step 3
Committee review
Apr 9, 2014
Step 4
Third reading
Apr 28, 2014
Step 5
Royal assent
Apr 29, 2014

Vote Summary

No published recorded division

This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.

Sponsor
Mike Colle
Sponsor party or district not listed
Jurisdiction
Ontario Legislature

No published representative vote breakdown

The current official sources do not publish a recorded division breakdown for this bill, so there is no representative-by-representative table to show.

Official sources

Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.

How this data is sourced