Bill PR24 explained in plain English
1505756 Ontario Inc. Act, 2026
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
Bill PR24 revives the corporation 1505756 Ontario Inc., which was voluntarily dissolved in September 2024, restoring it to its legal position as if it had never been dissolved.
Bill PR24 is a private members' bill that brings a dissolved Ontario corporation back into legal existence. The corporation, 1505756 Ontario Inc., was voluntarily dissolved under the Business Corporations Act on September 5, 2024. Arnold Diker, who was a director and officer of the corporation at the time, applied for this special legislation to revive the corporation so he can deal with property that the corporation owned when it was dissolved. The bill restores the corporation to its full legal position, including all its property, rights, and franchises, as well as all its liabilities, contracts, and debts, as they existed on the date of dissolution. However, the bill notes that this revival is subject to any rights that other people may have acquired after the corporation was dissolved. The bill came into force on April 15, 2026, when it received Royal Assent.
- Revives 1505756 Ontario Inc., a corporation that was voluntarily dissolved on September 5, 2024
- Restores the corporation to its full legal position, including all property, rights, privileges, and franchises it held at the time of dissolution
- Restores the corporation subject to all its liabilities, contracts, disabilities, and debts as they existed on the date of dissolution
- Allows the corporation to deal with property that was held in its name at the time of dissolution
- Subjects the revival to any rights that may have been acquired by other persons after the corporation's dissolution
- 1505756 Ontario Inc. (the revived corporation)
- Arnold Diker (the applicant and former director and officer of the corporation)
- Any person who may have acquired rights to the corporation's property or assets after its dissolution on September 5, 2024
- The revived corporation is restored to all its rights, privileges, and franchises as of the date of dissolution
- The revived corporation assumes all its liabilities, contracts, disabilities, and debts as of the date of dissolution
- The corporation can now deal with property that was held in its name at the time of dissolution
- Any rights acquired by other persons after the dissolution are protected and take priority over the corporation's revival
- September 5, 2024: Date of voluntary dissolution of 1505756 Ontario Inc.
- November 19, 2025: First Reading of the bill
- April 1, 2026: Second Reading and Third Reading of the bill
- April 15, 2026: Bill received Royal Assent and came into force
- The bill does not specify what property the corporation held at the time of dissolution or what specific property dealings the applicant intends to undertake
- The bill does not identify what rights may have been acquired by other persons after the dissolution, or how conflicts between the corporation's revival and those acquired rights would be resolved
- The bill does not explain the legal procedures or timelines for dealing with the corporation's property after revival
- The scope of 'liabilities, contracts, disabilities and debts' that the corporation assumes is not detailed in the bill
The bill revives a corporation that was previously dissolved under the Business Corporations Act, creating an exception to the normal consequences of voluntary dissolution under that 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 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