Bill PR2 explained in plain English
MFIS Holdings and Investments Inc. Act, 2025
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 44th 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 Act revives the corporation MFIS Holdings and Investments Inc. to its legal status prior to its dissolution.
This Act revives MFIS Holdings and Investments Inc., a corporation that was voluntarily dissolved on February 11, 2020. The revival restores the corporation to its legal position as if it had not been dissolved, including its property, rights, privileges, and liabilities, subject to any rights acquired by others after its dissolution. This revival is intended to allow the corporation to deal with real property that was registered in its name at the time of dissolution.
- Revives MFIS Holdings and Investments Inc.
- Restores the corporation to its legal position, including its property, rights, privileges, and liabilities, as they existed at the time 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.
- MFIS Holdings and Investments Inc.
- Mohammed Shanshal (applicant and former sole director/president)
- Persons who may have acquired rights concerning the corporation's property after its dissolution.
- MFIS Holdings and Investments Inc. is restored to its legal position, including all its property, rights, privileges, and franchises.
- The corporation remains subject to all its liabilities, contracts, disabilities, and debts.
- The revival is subject to any rights acquired by any person after the corporation's dissolution.
- The corporation was voluntarily dissolved on February 11, 2020.
- The Act comes into force on the day it receives Royal Assent (June 5, 2025).
- The Act does not specify how rights acquired by third parties after the dissolution will be handled or reconciled.
- The Preamble notes that the applicant wishes to revive the corporation to deal with 'certain real property', but the specifics of this property or the intended dealings are not detailed in the Act.
This Act provides specific legislative revival for MFIS Holdings and Investments Inc. under circumstances not typically covered by standard corporate revival procedures under the Business Corporations Act, which requires the corporation to have been struck off the register for reasons other than dissolution.
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