Skip to main content
Back to Bills
OntarioPassed42nd Parliament, 1st Session

Bill PR43 explained in plain English

2271767 Ontario Inc. Act, 2021

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

At a glance

Jurisdiction
Ontario Legislature
Legislature / Parliament
Legislative Assembly of Ontario
Session
42nd Parliament, 1st Session
Bill number
Bill PR43
Full title
2271767 Ontario Inc. Act, 2021
Current status
Passed
Latest event
Royal Assent received
Last updated
Jun 3, 2021
Sponsor

Official Legislative Assembly of Ontario snapshot for 42nd Parliament, 1st 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
Jun 3, 2021
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

The 2271767 Ontario Inc. Act, 2021, revives the dissolved corporation 2271767 Ontario Inc. to allow it to deal with its former property.

What It Means

This Act allows the corporation 2271767 Ontario Inc. to be revived. The corporation was dissolved on February 25, 2019, under the Business Corporations Act. The revival is intended to allow the corporation to manage property it held at the time of its dissolution. The Act restores the corporation to its legal position as if it had never been dissolved, but this is subject to any rights that others may have acquired since the dissolution. The Act came into effect on the day it received Royal Assent.

What This Bill Does
  • Revives the corporation 2271767 Ontario Inc.
  • Restores the corporation to its legal position as it was before its dissolution, subject to rights acquired by others after dissolution.
  • States that the Act comes into force on the day it receives Royal Assent.
Who Is Affected
  • 2271767 Ontario Inc.
  • Richard Kim (applicant and former director of 2271767 Ontario Inc.)
  • Persons or entities who acquired rights concerning 2271767 Ontario Inc. after its dissolution.
Rights, Duties, Or Obligations
  • The revival of 2271767 Ontario Inc. is subject to any rights acquired by any person after its dissolution.
Important Dates
  • The Act came into force on the day it received Royal Assent (June 3, 2021).
Uncertainties Or Limits
  • The extent to which 'rights acquired by any person after its dissolution' will impact the revival is not specified in the Act.
  • The specific property previously held by the corporation is not detailed in the Act.
Laws Or Regulations Affected
2271767 Ontario Inc.
revival

The corporation 2271767 Ontario Inc. is revived and restored to its previous legal status as if it had not been dissolved, with the exception of rights acquired by others since its dissolution.

Source: Section 1

Business Corporations Act
revival of a dissolved corporation

Allows for the revival of 2271767 Ontario Inc., which was previously dissolved under this Act.

Source: Preamble

Commencement provision of Bill PR43
commencement

This Act came into force on the day it received 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 text

Process Snapshot

Step 1
First reading
Jun 2, 2021
Step 2
Second reading
Jun 2, 2021
Step 3
Committee review
May 12, 2021
Step 4
Third reading
Jun 2, 2021
Step 5
Royal assent
Jun 3, 2021

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
Daisy Wai
Progressive Conservative Party of Ontario | Richmond Hill
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