Bill PR57 explained in plain English
Prosper Legal Management Inc. Act, 2017
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 41st Parliament, 2nd 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 Prosper Legal Management Inc. to its legal status prior to its dissolution.
This Act revives Prosper Legal Management Inc., a corporation that was dissolved on May 16, 2016. The revival restores the corporation to its legal position as if it had not been dissolved, including its property, rights, privileges, and franchises, while also reinstating its liabilities, contracts, disabilities, and debts. This is done at the request of Marg A. McKillop, who was the vice-president, director, and sole shareholder at the time of dissolution, in order to carry on business under the corporation's name.
- Revives Prosper Legal Management Inc.
- Restores Prosper Legal Management Inc. to its legal position, property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts as of the date of its dissolution.
- States that the Act comes into force on the day it receives Royal Assent.
- Prosper Legal Management Inc.
- Marg A. McKillop
- The public or any persons who acquired rights after the dissolution of Prosper Legal Management Inc.
- Prosper Legal Management Inc. is restored to all its property, rights, privileges, and franchises.
- Prosper Legal Management Inc. is subject to all its liabilities, contracts, disabilities, and debts as of the date of its dissolution.
- The Act comes into force on the day it receives Royal Assent.
- Prosper Legal Management Inc. was dissolved on May 16, 2016.
- The revival is subject to any rights that may have been acquired by any person after the corporation's dissolution.
The corporation is restored to its legal status and position as it was before it was dissolved, including all its assets, rights, and responsibilities.
Source: Section 1
While not directly amended, the Business Corporations Act was the basis for the dissolution, and this Act overrides that dissolution for Prosper Legal Management Inc.
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