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OntarioPassed43rd Parliament, 1st Session

Bill PR20 explained in plain English

414087 Ontario Limited Act, 2023

Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.

At a glance

Jurisdiction
Ontario Legislature
Legislature / Parliament
Legislative Assembly of Ontario
Session
43rd Parliament, 1st Session
Bill number
Bill PR20
Full title
414087 Ontario Limited Act, 2023
Current status
Passed
Latest event
Royal Assent received
Last updated
May 18, 2023

Official Legislative Assembly of Ontario snapshot for 43rd Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.

Chamber
Legislative Assembly of Ontario
Current Stage
Royal Assent received
Latest Activity
May 18, 2023
Plain-language explanation
In plain English (our explanation)

Our plain-language take, written for civic education.

Source: By PoliticalData.ca

AI-assisted, reviewed before publishing
Short Version

Bill PR20, the 414087 Ontario Limited Act, 2023, revives the dissolved corporation 414087 Ontario Limited.

What It Means

This Act revives the corporation 414087 Ontario Limited, which was dissolved on December 10, 1994, for failing to comply with a requirement under the Business Corporations Act. The revival 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 also specifies its short title and commencement date.

What This Bill Does
  • Revives the corporation 414087 Ontario Limited.
  • Restores the corporation to its legal position as it was before dissolution, including property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts, as of the date of its dissolution.
  • Specifies that this revival is subject to any rights acquired by any person after the corporation's dissolution.
  • States that the Act comes into force on the day it receives Royal Assent.
  • Provides the short title of the Act as the 414087 Ontario Limited Act, 2023.
Who Is Affected
  • 414087 Ontario Limited
  • Marian Grexton (applicant, former director, officer, and shareholder)
  • The Crown in right of Ontario
  • Any person who acquired rights after the dissolution of 414087 Ontario Limited
Rights, Duties, Or Obligations
  • The corporation is restored to its legal position, including all its property, rights, privileges, and franchises.
  • The corporation 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.
Important Dates
  • December 10, 1994: Date of dissolution of 414087 Ontario Limited.
  • May 18, 2023: Date the Act received Royal Assent and came into force.
Uncertainties Or Limits
  • The revival of the corporation is subject to any rights acquired by any person after its dissolution.
  • The bill does not specify how existing rights acquired after dissolution will be resolved or managed.
Laws Or Regulations Affected
414087 Ontario Limited
revival

The corporation 414087 Ontario Limited, which was dissolved on December 10, 1994, is revived and restored to its legal status as if it had not been dissolved.

Source: Section 1

Business Corporations Act
effect

The dissolution of 414087 Ontario Limited under this Act was for failure to comply with subsection 241 (3) of the Business Corporations Act.

Source: Preamble

Commencement provision
commencement

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 text

Process Snapshot

Step 1
First reading
Mar 29, 2023
Step 2
Second reading
May 18, 2023
Step 3
Committee review
Not reached yet
Step 4
Third reading
May 18, 2023
Step 5
Royal assent
May 18, 2023

Vote Summary

No published recorded division

This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.

Sponsor
Brian Saunderson
Progressive Conservative Party of Ontario | Simcoe—Grey
Jurisdiction
Ontario Legislature

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