Bill PR75 explained in plain English
2300943 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 Act revives the corporation 2300943 Ontario Inc., restoring it to its legal position as of its dissolution date to allow for the management of financial matters and the continuation of business.
This private bill, the 2300943 Ontario Inc. Act, 2022, allows for the revival of a corporation named 2300943 Ontario Inc. The corporation was dissolved on August 11, 2021. The applicant, Tong Jie Zhang, was the sole director at the time of dissolution and wishes to revive the corporation to manage refunds and loan payables that were in its name when it dissolved, and to continue its business operations. 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. The Act comes into force on the day it receives Royal Assent.
- Revives the corporation 2300943 Ontario Inc.
- Restores 2300943 Ontario Inc. to its legal position as it was on the date of its dissolution.
- Grants 2300943 Ontario Inc. its property, rights, privileges, and franchises back, subject to any rights acquired by others after its dissolution.
- Subjects 2300943 Ontario Inc. to its liabilities, contracts, disabilities, and debts as they were on the date of its dissolution.
- Allows 2300943 Ontario Inc. to carry on business.
- Specifies that the Act comes into force on the day it receives Royal Assent.
- 2300943 Ontario Inc. (corporation)
- Tong Jie Zhang (applicant and former sole director)
- Persons or entities who acquired rights after the dissolution of 2300943 Ontario Inc.
- 2300943 Ontario Inc. is restored to its legal position, including all its property, rights, privileges, and franchises.
- 2300943 Ontario Inc. remains 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.
- August 11, 2021: Date the corporation 2300943 Ontario Inc. was dissolved.
- The day the Act receives Royal Assent: The date the Act comes into force.
- The revival of the corporation is intended to allow it to deal with certain refunds and loan payables that were held in its name at the time of dissolution.
- The revival of the corporation is subject to 'any rights acquired by any person after its dissolution', the specifics of which are not detailed in the bill.
This bill overrides the dissolution of 2300943 Ontario Inc. that occurred under the Business Corporations Act, effectively reviving the corporation.
Source: Preamble
The Act will come into force on the day it receives 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 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