Bill PR31 explained in plain English
1040062 Ontario Incorporated Act, 2020
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
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.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill PR31 revives the dissolved Ontario corporation 1040062 Ontario Incorporated to address tax matters, restoring its legal status as if it had not been dissolved, subject to acquired rights.
This private bill is from the Ontario Legislature. It allows a corporation named 1040062 Ontario Incorporated to be revived. The corporation was dissolved on December 27, 2019, under the Business Corporations Act. The bill states that the revival is to deal with outstanding tax matters. The corporation will be restored to its legal position as if it had not been dissolved, but this is subject to any rights that others may have acquired since the dissolution. The bill came into effect on the day it received Royal Assent.
- Revives the corporation 1040062 Ontario Incorporated.
- Restores the corporation 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.
- States that the Act comes into force on the day it receives Royal Assent.
- 1040062 Ontario Incorporated
- The applicant (director at the time of dissolution)
- Persons who may have acquired rights after the corporation's dissolution
- The corporation is restored to its legal position, including all its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts.
- The revival is subject to any rights acquired by any person after the corporation's dissolution.
- The corporation was dissolved on December 27, 2019.
- The Act comes into force on the day it receives Royal Assent (December 9, 2020).
- The bill states the revival is to deal with certain outstanding tax matters relating to the corporation.
- The extent to which rights acquired by persons after the corporation's dissolution might affect the revival is not specified in detail.
- The specific 'outstanding tax matters' are not detailed in the bill.
The corporation 1040062 Ontario Incorporated was dissolved under this Act. This private bill allows for its revival, effectively reversing the dissolution for the specific corporation.
Source: Preamble
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