Bill PR77 explained in plain English
Streetwise Holdings Limited 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
The Streetwise Holdings Limited Act, 2017, revives the dissolved corporation Streetwise Holdings Limited to enable the disposal of its former property.
This Act, titled the Streetwise Holdings Limited Act, 2017, allows for the revival of a corporation named Streetwise Holdings Limited. The corporation was voluntarily dissolved on November 17, 1993. The Act states that the corporation is revived and restored to its legal position as if it had never been dissolved, subject to any rights acquired by others after its dissolution and all its previous liabilities and debts. This revival is intended to allow the disposal of property that was held in the corporation's name at the time of dissolution. The Act comes into force on the day it receives Royal Assent.
- Revives Streetwise Holdings Limited.
- Restores Streetwise Holdings Limited to its legal position as if it had never been dissolved, subject to existing rights acquired by others and its previous liabilities and debts.
- Specifies that the Act comes into force on the day it receives Royal Assent.
- Streetwise Holdings Limited
- James L. McBane Sr. (applicant)
- Persons who acquired rights after the dissolution of Streetwise Holdings Limited
- Streetwise Holdings Limited is restored to its legal position, including all its property, rights, privileges, and franchises.
- Streetwise Holdings Limited is subject to all its liabilities, contracts, disabilities, and debts as of the date of its dissolution.
- The revival is subject to any rights acquired by any person after the corporation's dissolution.
- The corporation was voluntarily dissolved on November 17, 1993.
- The Act comes into force on the day it receives Royal Assent (December 14, 2017).
- The extent to which rights acquired by others after the dissolution will affect the revived corporation is dependent on how those rights interact with the corporation's restored legal position.
- The bill does not detail the specific properties to be disposed of by the revived corporation.
The revival of Streetwise Holdings Limited is a consequence of a voluntary dissolution under this Act, which is now being reversed by this special legislation.
Source: Preamble
This Act comes into force on the day it receives Royal Assent.
Source: Section 2
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