Bill PR26 explained in plain English
592605 Ontario Limited Act, 2023
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 43rd 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 PR26 revives the corporation 592605 Ontario Limited, which was dissolved in 1995, restoring it to its previous legal status and property rights.
This is a special law that brings back a company called 592605 Ontario Limited. The company was dissolved (shut down) in 1995. Joseph Thomas Wilson, who is the executor of Eleanor Blanche Wilson's estate (the person who owned the company when it was dissolved), asked the Ontario government to revive the company so he could deal with real property (land or buildings) that the company owned. The law restores the company to the legal position it had before it was dissolved, giving it back all its property, rights, and responsibilities it had at that time. However, this revival does not affect any rights that other people may have acquired after the company was dissolved. The law came into force immediately when it received Royal Assent on December 6, 2023.
- Revives the corporation 592605 Ontario Limited, which was dissolved on March 25, 1995 under the Business Corporations Act
- Restores the corporation to its legal position as it existed on the date of dissolution, including all its property, rights, privileges, and franchises
- Restores all liabilities, contracts, disabilities, and debts the corporation had at the time of dissolution
- Confirms that the revival does not affect any rights acquired by any person after the corporation was dissolved
- Comes into force on the day it receives Royal Assent (December 6, 2023)
- Joseph Thomas Wilson, executor of Eleanor Blanche Wilson's estate
- The dissolved corporation 592605 Ontario Limited
- Creditors and persons with contractual relationships with the corporation
- Any persons who acquired rights related to the corporation's property after its dissolution (their rights are protected and not affected by this revival)
- The revived corporation is restored to its full legal position, including all property, rights, privileges, and franchises it held on March 25, 1995
- The revived corporation is subject to all liabilities, contracts, disabilities, and debts it had at the time of dissolution
- The revival does not affect any rights acquired by any person after the corporation was dissolved
- Original dissolution date: March 25, 1995 (under the Business Corporations Act)
- Royal Assent date: December 6, 2023
- Commencement date: December 6, 2023 (the day the Act received Royal Assent)
- The bill does not specify what actions the executor intends to take with the revived corporation or its real property
- The bill does not provide details about the specific real property held by the corporation
- The bill does not define what 'rights acquired by any person after its dissolution' means in practical terms or how disputes about such rights would be resolved
- The bill does not address how the corporation's status regarding back taxes, regulatory compliance, or other statutory obligations will be handled
The corporation 592605 Ontario Limited, which was dissolved under this Act on March 25, 1995, is now revived and restored to its pre-dissolution status
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