Bill PR61 explained in plain English

This private Act revives the dissolved corporation 1976998 Ontario Inc. so that its former directors and shareholders can resume carrying on business under that corporate name.

Bill PR61 is a private Act that revives a corporation called 1976998 Ontario Inc., which was voluntarily dissolved on July 26, 2023. Two people, Bijun Gong and Zhenyu Gong, who were the directors and shareholders at the time of dissolution, have asked for special legislation to bring the corporation back to life so they can resume doing business under that corporate name. When the corporation is revived, it will be restored to its legal position as it existed on the date it was dissolved. This means the corporation will get back all of its property, rights, privileges, and franchises. However, it will also be subject to all of its liabilities, contracts, disabilities, and debts. The Act also notes that the revival is subject to any rights that other people may have acquired after the corporation was dissolved. The Act comes into force on the day it receives Royal Assent (the formal approval that makes it law).