Bill PR44 explained in plain English
2038778 Ontario Ltd. Act, 2024
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 PR44 revives the dissolved company 2038778 Ontario Ltd. and restores it to its legal position as of its dissolution date on February 8, 2019.
Bill PR44 is a special law that revives (brings back) a company called 2038778 Ontario Ltd. that was dissolved (shut down) in 2019. The sole owner and director, John E. Ruddy, asked for this special legislation to revive the company so he can deal with real property (land or buildings) that is held in someone else's name but belongs to the company or is held in trust by the company for another party. When the company is revived, it will be restored to the same legal position it had before it was dissolved on February 8, 2019, meaning it gets back all its property, rights, privileges, and will still owe all its liabilities, contracts, debts, and any other obligations it had. However, any rights that were acquired by other people after the company was dissolved will not be affected. The law came into force on May 16, 2024, the day it received Royal Assent.
- Revives 2038778 Ontario Ltd., a corporation that was voluntarily dissolved under the Business Corporations Act on February 8, 2019
- Restores the corporation to its legal position as of the date of dissolution, including all property, rights, privileges, and franchises
- Restores all liabilities, contracts, disabilities, and debts that existed at the time of dissolution
- Preserves any rights that were acquired by any person after the corporation's dissolution
- Comes into force on May 16, 2024, the date Royal Assent was received
- John E. Ruddy (the sole director and shareholder of 2038778 Ontario Ltd. at the time of dissolution)
- 2038778 Ontario Ltd. (the revived corporation)
- Any person who acquired rights to property or assets of the corporation after February 8, 2019 (their rights are preserved and not affected by the revival)
- Any third party currently holding real property on behalf of the corporation
- The revived corporation has all property, rights, privileges, and franchises it held as of February 8, 2019
- The revived corporation remains subject to all liabilities, contracts, disabilities, and debts it owed as of February 8, 2019
- Any rights acquired by other persons after the dissolution are protected and not affected by the revival
- February 8, 2019 - Date of original voluntary dissolution of 2038778 Ontario Ltd. under the Business Corporations Act
- May 16, 2024 - Royal Assent received; Act comes into force
- The bill text does not specify the details of the real property transactions or trust arrangements that prompted the revival application
- The bill does not detail what specific liabilities, contracts, or debts the corporation may be subject to after revival
- The bill does not explain what rights may have been acquired by third parties after dissolution or how those would be determined in practice
- The bill does not specify any procedure for resolving potential conflicts between the corporation's claims and third-party rights acquired after dissolution
The corporation was originally dissolved under this Act on February 8, 2019. The revival under PR44 restores the corporation subject to this Act's framework.
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