Bill PR39 explained in plain English
1082472 Ontario Limited Act, 2024
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
Bill PR39 revives the corporation 1082472 Ontario Limited to its legal position prior to dissolution, subject to rights acquired by others since its dissolution.
Bill PR39, the 1082472 Ontario Limited Act, 2024, allows the corporation 1082472 Ontario Limited to be revived. The corporation was dissolved on October 8, 2019, due to not complying with a section of the Business Corporations Act. The person who applied for this special legislation, Tom Siu, was a director at the time of dissolution and states that the failure to comply was accidental. The revival is intended to allow the corporation to manage property that was in its name when it was dissolved. The Act states that the corporation is restored to its legal standing as if it had never been dissolved, but this is subject to any rights that others may have acquired since its dissolution. The Act came into effect on the day it received Royal Assent.
- Revives the corporation 1082472 Ontario Limited.
- Restores the corporation to its legal position, including property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts, as if it had not been dissolved.
- Specifies that the revival is subject to any rights acquired by any person after the corporation's dissolution.
- 1082472 Ontario Limited
- Tom Siu (applicant)
- Persons who may have acquired rights related to 1082472 Ontario Limited after its dissolution.
- 1082472 Ontario Limited is restored to its legal position, including all its property, rights, privileges, and franchises.
- 1082472 Ontario Limited is subject to all its liabilities, contracts, disabilities, and debts.
- The revival is subject to any rights acquired by any person after the dissolution of 1082472 Ontario Limited.
- The Act comes into force on the day it receives Royal Assent (April 25, 2024).
- The Act does not specify what actions would constitute 'rights acquired by any person after its dissolution' or how these rights would be handled.
- The specific reasons for the failure to comply with section 115 of the Business Corporations Act are not detailed in the bill.
The corporation 1082472 Ontario Limited is revived and restored to its legal status as if it had not been dissolved, with exceptions for rights acquired by others after its dissolution.
Source: Section 1
The dissolution of 1082472 Ontario Limited under this Act is effectively reversed by the revival provisions of Bill PR39. The bill does not explicitly amend the Business Corporations Act but creates a specific exception for this corporation.
Source: Preamble
The 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