Bill PR70 explained in plain English
2127023 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
Bill PR70 revives a corporation called 2127023 Ontario Inc. that was dissolved in 2020, restoring it to its legal position as if it had never been dissolved.
This is a private member's bill that revives a specific corporation named 2127023 Ontario Inc. The corporation was dissolved on July 29, 2020 under the Business Corporations Act when its sole director, Rup Lal, filed articles of dissolution. Mr. Lal says the dissolution was accidental and he wants to continue running the business. The bill restores the corporation to the legal position it had just before it was dissolved, including all its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts. However, the bill respects any rights that other people may have gained after the corporation was dissolved. The act came into force on April 28, 2022, when it received Royal Assent.
- Revives the corporation 2127023 Ontario Inc.
- Restores the corporation to its legal position, including all property, rights, privileges, and franchises it held at the time of dissolution
- Restores all liabilities, contracts, disabilities, and debts that the corporation had at the time of dissolution
- Comes into force on the date of Royal Assent (April 28, 2022)
- 2127023 Ontario Inc. - the corporation being revived
- Rup Lal - the sole director of the corporation who applied for the revival
- Creditors and other parties with contractual or legal relationships to the corporation
- The revived corporation assumes all liabilities, contracts, disabilities, and debts it had at the time of dissolution
- The revived corporation is restored to ownership of all its property, rights, privileges, and franchises
- Any rights acquired by other persons after the corporation's dissolution are preserved and respected
- July 29, 2020 - the date 2127023 Ontario Inc. was originally dissolved
- April 28, 2022 - Royal Assent date and commencement date of this Act
- The bill text does not specify what happens to any business activities or contracts the corporation was engaged in after its dissolution
- The bill does not detail which specific rights of other persons acquired after dissolution are preserved
- The bill does not address whether creditors must take any action to enforce their claims against the revived corporation
The corporation 2127023 Ontario Inc., which was dissolved under this Act on July 29, 2020, is now revived and restored to its former legal position
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 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