Bill PR59 explained in plain English
201827 Ontario Limited Act, 2022
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 42nd 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
This private members' bill revives a dissolved Ontario corporation called 201827 Ontario Limited and restores it to its legal position as of the date of its dissolution.
Bill PR59 is a special law that brings back a company called 201827 Ontario Limited that was dissolved in 2019. Peter Theoret, who was the sole owner of this company, applied for this special legislation to revive the company so he can deal with real property (land or buildings) that the company owned when it was dissolved. When the company is revived, it will have all the property, rights, privileges, and franchises it had before it was dissolved, but it will also have all its liabilities, contracts, disabilities, and debts. The law will come into force on the day it receives Royal Assent (April 28, 2022). However, any rights that other people acquired after the company was dissolved are not affected by this revival.
- Revives and restores 201827 Ontario Limited to its legal position as of March 27, 2019 (the date of dissolution)
- Restores all property, rights, privileges, and franchises the corporation had at the time of dissolution
- Restores all liabilities, contracts, disabilities, and debts the corporation had at the time of dissolution
- Comes into force on Royal Assent (April 28, 2022)
- Does not affect any rights acquired by any person after the corporation's dissolution
- Peter Theoret, the sole shareholder of 201827 Ontario Limited at the time of its dissolution
- The revived corporation 201827 Ontario Limited
- Any persons who acquired rights related to the corporation after its dissolution (their rights are protected and not affected)
- The revived corporation is subject to all liabilities, contracts, disabilities, and debts it had at the time of dissolution
- March 27, 2019: Date when 201827 Ontario Limited was voluntarily dissolved under the Business Corporations Act
- April 28, 2022: Date the bill received Royal Assent and came into force
- The bill does not specify what real property is involved or where it is located
- The bill does not specify the nature or extent of any liabilities, contracts, disabilities, or debts being restored
- The bill does not provide details on what 'rights acquired by any person after its dissolution' would include or how they are determined
- The bill does not specify whether the corporation must take any steps to become fully operational or to satisfy any regulatory requirements
The bill references the Business Corporations Act under which 201827 Ontario Limited was voluntarily dissolved on March 27, 2019. The revival occurs outside the normal dissolution procedures.
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