Bill PR51 explained in plain English
1485997 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 PR51 revives the dissolved corporation 1485997 Ontario Limited so it can participate in legal proceedings.
This is a special private bill that revives a corporation called 1485997 Ontario Limited. The corporation was dissolved (shut down) under Ontario's Business Corporations Act on October 17, 2023. The sole director of the corporation, Spyros Agouros, asked the Ontario legislature for special legislation to bring the corporation back to life so it can participate in legal proceedings (lawsuits or court matters). The bill restores the corporation to the legal position it held before it was dissolved, meaning it gets back all its property, rights, privileges, and franchises (special rights or business privileges). However, the revival does not undo the rights that other people may have gained after the corporation was dissolved. The corporation also remains responsible for its liabilities (debts and legal obligations), contracts, disabilities, and debts. The act comes into force on the day it received Royal Assent, which was December 19, 2024.
- Revives the corporation 1485997 Ontario Limited, which was dissolved on October 17, 2023
- Restores the corporation to its legal position before dissolution, including all property, rights, privileges, and franchises
- Preserves the rights of any persons who may have acquired rights after the corporation's dissolution
- Keeps the corporation responsible for all its liabilities, contracts, disabilities, and debts that existed at dissolution
- Enables the corporation to participate in legal proceedings
- Comes into force on the day it received Royal Assent (December 19, 2024)
- Spyros Agouros (the sole director of the corporation at the time of dissolution)
- 1485997 Ontario Limited (the corporation being revived)
- Any persons who acquired rights after the corporation's dissolution (their rights are preserved)
- Any creditors, contract partners, or others with claims against the corporation
- The corporation regains all its property, rights, privileges, and franchises that it had before dissolution
- The corporation becomes responsible again for all its liabilities, contracts, disabilities, and debts that existed at dissolution
- The corporation can now participate in legal proceedings
- Any rights acquired by other persons after the dissolution are preserved and not affected by the revival
- October 17, 2023 - Date the corporation was dissolved under the Business Corporations Act
- October 30, 2024 - First Reading of the bill
- December 11, 2024 - Second and Third Reading of the bill
- December 19, 2024 - Royal Assent received; Act comes into force
- The bill does not specify details about which legal proceedings the corporation intends to participate in
- The bill does not detail what specific property, rights, or franchises the corporation held
- The bill does not specify what liabilities, debts, or contracts the corporation is assuming
- The bill does not explain what 'rights acquired by any person after its dissolution' might include or how disputes over such rights would be resolved
A corporation that was dissolved under the normal procedures of the Business Corporations Act is being revived through special legislation, rather than through the normal revival procedures that would normally apply under that Act.
Source: Preamble, Section 1
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