Bill PR5 explained in plain English
H.B. Arndt & Associates Ltd. Act, 2022
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 PR5, the H.B. Arndt & Associates Ltd. Act, 2022, revives a dissolved corporation to allow its estate trustee to manage unclaimed funds.
This Act, the H.B. Arndt & Associates Ltd. Act, 2022, revives the corporation H.B. Arndt & Associates Ltd. The corporation was dissolved on January 27, 2006. The revival is to allow the estate trustee to deal with unclaimed funds held in the corporation's name at financial institutions. The corporation is restored to its legal position as if it had not been dissolved, subject to existing rights acquired by others and its previous liabilities. The Act came into force on the day it received Royal Assent.
- Revives the corporation H.B. Arndt & Associates Ltd.
- Restores the corporation to its legal position as of the date of its dissolution.
- Specifies that the revival is subject to any rights acquired by any person after its dissolution.
- States that the corporation is subject to all its former liabilities, contracts, disabilities, and debts.
- Makes the Act effective on the day it receives Royal Assent.
- H.B. Arndt & Associates Ltd.
- John Bradley Arndt (estate trustee for the estate of Henry Bror Arndt)
- Persons who acquired rights after the dissolution of H.B. Arndt & Associates Ltd.
- Financial institutions holding unclaimed funds for H.B. Arndt & Associates Ltd.
- The revived H.B. Arndt & Associates Ltd. is restored to its legal position, including all its property, rights, privileges, and franchises.
- The revived corporation is subject to all its liabilities, contracts, disabilities, and debts as of the date of its dissolution.
- The revival is subject to any rights acquired by any person after the corporation's dissolution.
- The Act came into force on the day it received Royal Assent.
- H.B. Arndt & Associates Ltd. was dissolved on January 27, 2006.
- The revival is intended to allow the estate trustee to deal with unclaimed funds held in accounts at various financial institutions in the corporation's name.
- The extent of rights acquired by any person after the corporation's dissolution that might impact the revival is not specified.
- The specific nature and amount of the 'unclaimed funds' are not detailed in the Act.
The dissolution of H.B. Arndt & Associates Ltd. under this Act is reversed by the revival provided in Bill PR5.
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