Bill PR7 explained in plain English
Welberne Holding Corp. 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
The Welberne Holding Corp. Act, 2022, revives the dissolved corporation Welberne Holding Corp., restoring it to its previous legal status.
This Act revives a corporation named Welberne Holding Corp. The corporation was dissolved under the Business Corporations Act because it failed to meet a requirement related to subsection 241 (4) of that Act. The revival means the corporation is restored to its legal standing as if it had never been dissolved, including its property, rights, and liabilities, unless someone has acquired rights after its dissolution. The Act came into effect on the day it received Royal Assent.
- Revives Welberne Holding Corp.
- Restores Welberne Holding Corp. to its legal position, including its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts, as of the date of its dissolution.
- Specifies that the revival is subject to any rights acquired by any person after the corporation's dissolution.
- States that the Act comes into force on the day it receives Royal Assent.
- Welberne Holding Corp.
- Catherine Martin (applicant, former director and president)
- The public, specifically those who may have acquired rights after the corporation's dissolution.
- Welberne Holding Corp. is restored to its legal position, including all its property, rights, privileges, and franchises.
- Welberne Holding Corp. 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.
- The precise effect of the revival on rights acquired by third parties after the dissolution is not detailed.
- The specific reasons for dissolution related to subsection 241(4) of the Business Corporations Act are not provided.
The dissolution of Welberne Holding Corp. under this Act for failure to comply with subsection 241(4) is effectively reversed by the revival provisions of this new Act.
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