Bill PR41 explained in plain English
2771280 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 PR41 revives the corporation 2771280 Ontario Inc., which was dissolved in September 2024, and restores it to its former legal status and property rights.
This is a private member's bill that revives a specific Ontario corporation called 2771280 Ontario Inc. The corporation was dissolved on September 5, 2024, under the Business Corporations Act. Laxmi Karkee, who was a director of the corporation at the time it was dissolved, applied for special legislation to bring the corporation back to life so she could deal with real property (land or buildings) that the corporation owned when it dissolved. The bill grants this request. Once the bill received Royal Assent on June 2, 2026, the corporation is restored to the same legal position it had before dissolution. This means it gets back all its property, rights, privileges, and franchises, but it also becomes responsible for all its liabilities, contracts, disabilities, and debts as they existed on the date of dissolution. However, the revival does not undo any rights that other people may have acquired after the corporation was dissolved.
- Revives 2771280 Ontario Inc., a corporation that was dissolved on September 5, 2024
- Restores the corporation to its legal position as of the date of dissolution, including all property, rights, privileges, and franchises
- Makes the corporation responsible for all its liabilities, contracts, disabilities, and debts as they existed at dissolution
- Preserves any legal rights acquired by other persons after the dissolution
- Comes into force immediately upon receiving Royal Assent on June 2, 2026
- Laxmi Karkee, the former director of 2771280 Ontario Inc. who applied for the revival
- The corporation 2771280 Ontario Inc. itself
- Creditors, contractors, and other parties who held rights or contracts with the dissolved corporation
- Any persons who acquired rights related to the corporation's property or assets after September 5, 2024
- The revived corporation is responsible for all liabilities, contracts, disabilities, and debts it had at the time of dissolution
- The revived corporation is restored to all its property, rights, privileges, and franchises as they existed at dissolution
- Any rights acquired by third parties after the dissolution date are preserved and not affected by the revival
- September 5, 2024: Date the corporation was originally dissolved
- June 2, 2026: Date the bill received Royal Assent and came into force
- The bill does not specify the purpose or details of the real property that the corporation needs to deal with
- The bill does not list what specific liabilities, contracts, or debts the corporation became responsible for upon revival
- The bill does not clarify what 'rights acquired by any person after its dissolution' means in practical terms or provide examples
- The bill does not explain how the corporation will operate or be governed after revival
- It is unclear whether creditors or other stakeholders were notified or had an opportunity to object to the revival
The corporation's dissolution under this Act is reversed, and the corporation is revived to its previous legal status under Ontario law
Source: Section 1
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