Bill PR85 explained in plain English
Tencrest Realty Ltd. Act, 2018
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 41st Parliament, 3rd 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 Tencrest Realty Ltd. Act, 2018, revives the dissolved corporation Tencrest Realty Ltd. to its legal position prior to dissolution, with specific conditions.
This private bill, the Tencrest Realty Ltd. Act, 2018, revives the corporation Tencrest Realty Ltd. The corporation was voluntarily dissolved on February 21, 2017, under the Business Corporations Act. The applicant, William Tencer, who was the president of the company at the time of its dissolution, stated that the dissolution was accidental and that business has continued under the company's name. The bill restores the corporation to its legal standing as if it had not been dissolved, subject to any rights acquired by others after its dissolution, and also subject to its original liabilities and debts.
- Revives the corporation Tencrest Realty Ltd.
- Restores Tencrest Realty Ltd. to its legal position 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.
- Restores Tencrest Realty Ltd. to all its property, rights, privileges, and franchises.
- Restores Tencrest Realty Ltd. to all its liabilities, contracts, disabilities, and debts.
- States that the Act comes into force on the day it receives Royal Assent.
- Tencrest Realty Ltd. (corporation)
- William Tencer (applicant and former president)
- Persons or entities who acquired rights after the dissolution of Tencrest Realty Ltd.
- Tencrest Realty Ltd. is restored to its property, rights, privileges, and franchises.
- Tencrest Realty Ltd. is subject to its liabilities, contracts, disabilities, and debts.
- The revival is subject to any rights acquired by any person after Tencrest Realty Ltd.'s dissolution.
- The Act comes into force on the day it receives Royal Assent (May 7, 2018).
- Tencrest Realty Ltd. was voluntarily dissolved on February 21, 2017.
- The bill does not specify what constitutes 'rights acquired by any person after its dissolution' or how these rights will be managed or protected.
- The bill does not detail the process for restoring specific assets or fulfilling past obligations.
The voluntary dissolution of Tencrest Realty Ltd. under this Act on February 21, 2017, is reversed by this private bill, effectively reviving the corporation.
Source: Preamble
The corporation Tencrest Realty Ltd. is revived and restored to its legal position, including property, rights, and liabilities, as of the date of its dissolution, subject to rights acquired by others after dissolution.
Source: 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