Bill PR65 explained in plain English
MFIS Holdings and Investments Inc. 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
This private bill would revive the dissolved corporation MFIS Holdings and Investments Inc.
This bill, if passed, would revive a company called MFIS Holdings and Investments Inc. The company was voluntarily dissolved on February 11, 2020. The bill states that the company is restored to its legal position as if it had not been dissolved, subject to any rights that others may have acquired since the dissolution. The revival is intended to allow dealing with real property that was held in the company's name at the time of its dissolution.
- It would revive MFIS Holdings and Investments Inc.
- It would restore the corporation to its legal position as if it had not been dissolved, with its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts.
- It would allow the revival to take effect on the day the bill receives Royal Assent.
- MFIS Holdings and Investments Inc.
- Mohammed Shanshal (applicant and former director/president)
- Individuals or entities who may have acquired rights after the company's dissolution
- MFIS Holdings and Investments Inc. is restored to its legal position, including all its property, rights, privileges, and franchises.
- MFIS Holdings and Investments Inc. remains subject to all its liabilities, contracts, disabilities, and debts.
- The revival is subject to any rights acquired by any person after the company's dissolution.
- The Act comes into force on the day it receives Royal Assent.
- The company was voluntarily dissolved on February 11, 2020.
- The bill states that the revival is subject to any rights acquired by any person after the company's dissolution, meaning existing rights acquired by others since February 11, 2020, are preserved.
The revival of MFIS Holdings and Investments Inc. is a private act that overrides the voluntary dissolution of the company under this general act.
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 is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
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