Bill PR73 explained in plain English
1701423 Ontario 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
The 1701423 Ontario Inc. Act, 2017, revives the dissolved corporation 1701423 Ontario Inc. to its legal status and condition prior to its dissolution, with specific conditions.
This private bill, the 1701423 Ontario Inc. Act, 2017, revives the corporation 1701423 Ontario Inc. The corporation was dissolved on June 21, 2016, under the Business Corporations Act. The bill restores the corporation to its legal position as if it had never been dissolved, subject to any rights acquired by others after its dissolution. It also makes the corporation subject to its previous liabilities and debts. The bill came into effect on the day it received Royal Assent.
- Revives the corporation 1701423 Ontario Inc.
- Restores the corporation to its legal position, including property, rights, privileges, and franchises, as of the date of its dissolution.
- Subjects the revived corporation to its previous liabilities, contracts, disabilities, and debts.
- Makes the revival of the corporation subject to any rights acquired by any person after its dissolution.
- 1701423 Ontario Inc.
- Jeremy Gilchrist (applicant and former sole director)
- Persons who acquired rights after the dissolution of 1701423 Ontario Inc.
- The corporation is restored to its property, rights, privileges, and franchises as of the date of dissolution.
- The corporation is subject to its liabilities, contracts, disabilities, and debts as of the date of dissolution.
- The revival is subject to rights acquired by any person after the corporation's dissolution.
- The Act came into force on the day it received Royal Assent, which was December 14, 2017.
- The corporation was dissolved on June 21, 2016.
- The exact nature and extent of 'rights acquired by any person after its dissolution' are not specified in the bill text, creating potential uncertainty regarding which pre-dissolution rights and liabilities are fully restored versus those potentially affected by these acquired rights.
- The bill does not detail the process or requirements for the corporation to resume carrying on business, beyond stating the applicant's intention to do so.
The corporation is brought back to life and restored to its previous legal status, as if it had not been dissolved. This includes its property, rights, and obligations.
Source: Section 1
The dissolution of 1701423 Ontario Inc. under this Act on June 21, 2016, is reversed by this private bill.
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