Bill PR58 explained in plain English
1049491 Ontario Inc. Act, 2017
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 41st Parliament, 2nd Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill PR58 revives the corporation 1049491 Ontario Inc. to its previous legal standing so that its former directors, officers, or shareholders can manage its property, subject to rights acquired by others after its dissolution.
This private bill, the 1049491 Ontario Inc. Act, 2017, revives a corporation named 1049491 Ontario Inc. This means the corporation will be restored to its legal status as if it had never been dissolved. This is being done to allow the applicants, who were formerly directors, officers, or shareholders, to deal with property that was held by the corporation when it was dissolved. The corporation was voluntarily dissolved on January 10, 2013, under the Business Corporations Act. The bill states that the revival is subject to any rights that may have been acquired by other people after the corporation's dissolution. The Act came into force on the day it received Royal Assent.
- It revives the corporation 1049491 Ontario Inc.
- It restores 1049491 Ontario Inc. to its legal position as it was before it was dissolved.
- It makes the revival subject to any rights acquired by any person after the corporation's dissolution.
- It states that the Act comes into force on the day it receives Royal Assent.
- 1049491 Ontario Inc.
- Former directors, officers, or shareholders of 1049491 Ontario Inc.
- Any person who acquired rights related to 1049491 Ontario Inc. after its dissolution.
- The revived corporation regains all its property, rights, privileges, and franchises.
- The revived corporation is subject to all its liabilities, contracts, disabilities, and debts.
- The revival is subject to any rights acquired by any person after the corporation's dissolution.
- The corporation 1049491 Ontario Inc. was voluntarily dissolved on January 10, 2013.
- This Act came into force on the day it received Royal Assent, which was June 1, 2017.
- The revival of the corporation is specifically stated to be subject to any rights that have been acquired by any person after the corporation was dissolved.
- The text does not specify the exact nature or extent of the property that was held by the corporation at the time of its dissolution.
The corporation is legally brought back into existence and restored to its former status, including its property, rights, privileges, and liabilities, as if it had not been dissolved.
Source: Section 1
This Act references the Business Corporations Act as the legislation under which 1049491 Ontario Inc. was voluntarily dissolved.
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 textProcess Snapshot
Vote Summary
This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.
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