Bill PR47 explained in plain English
Wemax Real Estate Inc. Act, 2021
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
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.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill PR47 revives the corporation Wemax Real Estate Inc., restoring it to its legal status prior to its dissolution to allow for the collection of debts.
This bill allows Wemax Real Estate Inc., a corporation that was dissolved on June 10, 2019, to be revived. The revival aims to allow the collection of money owed to the corporation. The revival restores the corporation to its legal status as of the date of its dissolution, with all its properties, rights, and liabilities, as if it had never been dissolved. This is subject to any rights that may have been acquired by others after its dissolution.
- Revives the corporation Wemax Real Estate Inc.
- Restores Wemax Real Estate Inc. to its legal position as of the date of its dissolution.
- Makes the revival effective on the day the Act receives Royal Assent.
- Wemax Real Estate Inc.
- Thanakumar Subramaniam (applicant and former director)
- Any person who acquired rights related to Wemax Real Estate Inc. after its dissolution.
- Wemax Real Estate Inc. is restored to all its property, rights, privileges, and franchises.
- Wemax Real Estate Inc. 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 Act comes into force on the day it receives Royal Assent.
- Wemax Real Estate Inc. was dissolved on June 10, 2019.
- The revival is intended to allow the collection of certain monies owing to Wemax Real Estate Inc.
- The extent to which rights acquired by others after the dissolution will take precedence over the revived corporation's claims is not detailed in the bill.
- The specific 'certain monies owing' to the corporation are not detailed.
The corporation Wemax Real Estate Inc. is revived and restored to its legal status and rights as they existed before its dissolution, except for rights acquired by others after its dissolution.
Source: Section 1
The dissolution of Wemax Real Estate Inc. under this Act is effectively reversed by the revival provided in this bill.
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 is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
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