Bill PR60 explained in plain English
Skybolt Construction Company 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
The Skybolt Construction Company Limited Act, 2024, revives a company that was dissolved in 1985, restoring its legal position to allow it to manage its former real property.
This private bill, the Skybolt Construction Company Limited Act, 2024, revives a company that was dissolved. The company, Skybolt Construction Company Limited, was dissolved on January 1, 1985, for failing to meet requirements under the Business Corporations Act. The bill restores the company to its legal standing as if it had not been dissolved, allowing it to deal with real property it held at the time of its dissolution. The bill comes into effect on the day it receives Royal Assent.
- Revives Skybolt Construction Company Limited.
- Restores Skybolt Construction Company Limited to its legal position as if it had not been dissolved.
- Grants Skybolt Construction Company Limited its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts as of the date of its dissolution.
- Specifies that the revival is subject to any rights acquired by any person after the company's dissolution.
- States that the Act comes into force on the day it receives Royal Assent.
- Skybolt Construction Company Limited
- The applicant (Helen McDonagh)
- The public, particularly anyone who may have acquired rights related to Skybolt Construction Company Limited's property after its dissolution.
- Skybolt Construction Company Limited is restored to its legal position, including its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts.
- The revival is subject to any rights acquired by any person after the company's dissolution.
- Skybolt Construction Company Limited was dissolved on January 1, 1985.
- This Act comes into force on the day it receives Royal Assent (December 19, 2024).
- The bill does not specify what specific real property was held by the corporation at the time of dissolution.
- The bill states the revival is subject to 'any rights acquired by any person after its dissolution,' but does not detail how such rights will be handled or adjudicated.
The Skybolt Construction Company Limited Act, 2024, revives Skybolt Construction Company Limited, which was dissolved under the Business Corporations Act. The Act effectively overrides the dissolution status under the Business Corporations Act for this specific company. The bill mentions that the original dissolution was for failure to comply with subsection 240 (1) of the Business Corporations Act, as it read on January 1, 1985.
Source: Preamble; Section 1
This Act comes 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 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