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OntarioPassed42nd Parliament, 1st Session

Bill PR24 explained in plain English

2404907 Ontario Ltd. Act, 2020

Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.

At a glance

Jurisdiction
Ontario Legislature
Legislature / Parliament
Legislative Assembly of Ontario
Session
42nd Parliament, 1st Session
Bill number
Bill PR24
Full title
2404907 Ontario Ltd. Act, 2020
Current status
Passed
Latest event
Royal Assent received
Last updated
Dec 9, 2020

Official Legislative Assembly of Ontario snapshot for 42nd Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.

Chamber
Legislative Assembly of Ontario
Current Stage
Royal Assent received
Latest Activity
Dec 9, 2020
Plain-language explanation
In plain English (our explanation)

Our plain-language take, written for civic education.

Source: By PoliticalData.ca

AI-assisted, reviewed before publishing
Short Version

The 2404907 Ontario Ltd. Act, 2020, revives the dissolved corporation 2404907 Ontario Ltd. to allow it to initiate legal proceedings.

What It Means

This Act revives the corporation 2404907 Ontario Ltd. This means the corporation is restored to its legal status and position as if it had not been dissolved on September 12, 2017. This restoration allows the corporation to pursue legal action related to a contract it had entered into before its dissolution. The Act came into force on the day it received Royal Assent.

What This Bill Does
  • Revives the corporation 2404907 Ontario Ltd.
  • Restores the corporation to its legal position, including its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts, as they were at the time of its dissolution.
  • Specifies that the revival is subject to any rights acquired by any person after the corporation's dissolution.
  • States that the Act comes into force on the day it receives Royal Assent.
  • Names the Act as the 2404907 Ontario Ltd. Act, 2020.
Who Is Affected
  • 2404907 Ontario Ltd.
  • Jay Tran (applicant and former director)
  • Persons who acquired rights after the dissolution of 2404907 Ontario Ltd.
Rights, Duties, Or Obligations
  • The revived corporation regains its property, rights, privileges, and franchises.
  • The revived corporation remains subject to its liabilities, contracts, disabilities, and debts.
  • The revival is subject to any rights acquired by any person after the corporation's dissolution.
Important Dates
  • The corporation was dissolved on September 12, 2017.
  • The Act received Royal Assent on December 9, 2020.
  • The Act came into force on the day it received Royal Assent (December 9, 2020).
Uncertainties Or Limits
  • The exact nature and extent of rights acquired by any person after the dissolution of 2404907 Ontario Ltd. are not detailed in the Act, but the revival is explicitly made subject to these rights.
Laws Or Regulations Affected
Business Corporations Act
impacted by revival

The voluntary dissolution of 2404907 Ontario Ltd. under this Act on September 12, 2017, is effectively reversed by this new Act.

Source: Preamble

2404907 Ontario Ltd. Act, 2020
commencement

This Act came into force on the day it received 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 text

Process Snapshot

Step 1
First reading
Dec 8, 2020
Step 2
Second reading
Dec 8, 2020
Step 3
Committee review
Sep 30, 2020
Step 4
Third reading
Dec 8, 2020
Step 5
Royal assent
Dec 9, 2020

Vote Summary

No published recorded division

This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.

Sponsor
Vijay Thanigasalam
Progressive Conservative Party of Ontario | Scarborough—Rouge Park
Jurisdiction
Ontario Legislature

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