Bill PR27 explained in plain English
1376122 Ontario Ltd. Act, 2023
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
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.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
This Act revives the corporation 1376122 Ontario Ltd. to its legal status as of its dissolution date, allowing it to resume business.
This Act revives the corporation 1376122 Ontario Ltd. The corporation was voluntarily dissolved on January 27, 2023. The applicants, who were the sole directors and shareholders, stated that the dissolution was unintentional and they wish to resume business under the corporation's name. The Act restores the corporation to its legal standing as if it had not been dissolved, including its property, rights, privileges, liabilities, contracts, disabilities, and debts, as of the date of dissolution. This is subject to any rights that may have been acquired by other individuals after the corporation's dissolution. The Act comes into effect on the day it receives Royal Assent.
- It revives the corporation 1376122 Ontario Ltd.
- It restores the corporation to its legal position, including property, rights, privileges, liabilities, contracts, disabilities, and debts, as they existed at the time of its dissolution.
- It makes the revival subject to any rights acquired by any person after the corporation was dissolved.
- It specifies that the Act comes into force on the day it receives Royal Assent.
- 1376122 Ontario Ltd.
- Jainauth Seonauth
- Sonita Seonauth
- Individuals or entities who acquired rights after the dissolution of 1376122 Ontario Ltd.
- The revived 1376122 Ontario Ltd. is subject to its former liabilities, contracts, disabilities, and debts.
- The revival is subject to any rights acquired by any person after the corporation's dissolution.
- The Act comes into force on the day it receives Royal Assent (December 6, 2023).
- The Act does not specify the exact nature of rights that may have been acquired by third parties after the dissolution, or how these rights will be handled in relation to the revived corporation.
- The Act's effect on previously dissolved corporate assets and liabilities is restored 'to the same manner and to the same extent as if it had not been dissolved', but this is explicitly subject to rights acquired by others.
This private Act brings 1376122 Ontario Ltd. back into legal existence.
Source: Section 1
The voluntary dissolution of 1376122 Ontario Ltd. under this Act is reversed by the revival provided in this private Act.
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