Bill PR66 explained in plain English
2704395 Ontario Inc 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 bill revives the corporation 2704395 Ontario Inc., restoring its legal status and responsibilities as of its dissolution date, to allow for the resolution of outstanding financial matters.
This private bill revives a corporation named 2704395 Ontario Inc. The corporation was dissolved on March 11, 2020, under the Business Corporations Act. The applicant, who was a director at the time of dissolution, wishes to revive the corporation to address outstanding financial matters. The bill restores the corporation to its legal position as if it had not been dissolved, subject to any rights acquired by others after its dissolution.
- Revives the corporation 2704395 Ontario Inc. (Section 1).
- Restores the corporation to its legal position as it was before its dissolution, including its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts (Section 1).
- Ensures that the revival is subject to any rights that have been acquired by any person after the corporation's dissolution (Section 1).
- States that the Act comes into force on the day it receives Royal Assent (Section 2).
- 2704395 Ontario Inc.
- Brendan Riley (applicant and former director)
- Persons who acquired rights after the dissolution of 2704395 Ontario Inc.
- 2704395 Ontario Inc. is restored to its legal position, including all its property, rights, privileges, and franchises.
- 2704395 Ontario Inc. 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.
- March 11, 2020: Date of dissolution of 2704395 Ontario Inc.
- March 31, 2022: Date the Act received Royal Assent and came into force.
- The revival of the corporation is to deal with certain outstanding financial matters relating to the corporation.
- The revival is subject to any rights acquired by any person after the corporation's dissolution, meaning the corporation's restored legal position may be limited by those prior acquired rights.
The Business Corporations Act was the act under which 2704395 Ontario Inc. was dissolved. This bill effectively overrides the dissolution provision of that Act for this specific corporation.
Source: Preamble
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 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