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Decentralized Democracy

Ontario Assembly Bill

Ontario Bill PR27

43rd Parl. 1st Sess.
December 06, 2023
1376122 Ontario Ltd. Act, 2023
  • This is a law called Bill PR27 2023. It is about reviving a company called 1376122 Ontario Ltd. The owners of the company, Jainauth and Sonita Seonauth, want to bring the company back to life because it was dissolved by mistake. The law says that the company will be revived and will have all its rights and property restored as if it had never been dissolved. The law will come into effect as soon as it is approved by the government. It is called the 1376122 Ontario Ltd. Act, 2023.
  • H1
  • H2
  • H3
  • RA
  • Yea
  • Nay
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SteelmanSpren in Favour

  • One possible steelman argument in favor of reviving 1376122 Ontario Ltd. is that it allows for the continuation of a business that was inadvertently dissolved. By reviving the corporation, the directors and shareholders, Jainauth and Sonita Seonauth, can resume their business operations under the same legal entity. This can provide continuity and stability for the business, as well as allow them to maintain existing contracts, rights, and privileges. Reviving the corporation also ensures that any liabilities and debts incurred prior to dissolution are properly addressed. By restoring the corporation to its legal position, it allows for the fair resolution of any outstanding obligations, ensuring that all parties involved are treated fairly. Furthermore, reviving the corporation can have positive economic implications. If the business was successful prior to dissolution, reviving it can contribute to job creation, economic growth, and the overall well-being of the local community. It can also provide an opportunity for the directors and shareholders to rectify any unintended consequences resulting from the dissolution and continue contributing to the economy. In summary, reviving 1376122 Ontario Ltd. allows for the continuation of a business that was inadvertently dissolved, providing stability, addressing liabilities, and potentially contributing to economic growth.

SteelmanSpren Against

  • Steelman Argument Opposing Bill PR27 2023: The revival of 1376122 Ontario Ltd. through Bill PR27 2023 sets a dangerous precedent and undermines the principles of limited government and free market competition. This legislation grants special privileges to a specific corporation, allowing it to bypass the normal dissolution process and resume operations without facing the consequences of its previous actions. Firstly, this bill violates the principle of limited government by granting special legislation to a specific corporation. It sets a precedent that the government can intervene and revive dissolved corporations on a case-by-case basis, creating an unfair advantage for certain businesses. This undermines the free market and the ability of other businesses to compete on a level playing field. Furthermore, reviving a dissolved corporation disregards the liabilities and debts it had prior to dissolution. This not only undermines the concept of personal responsibility but also places an unfair burden on creditors and other stakeholders who may have been affected by the corporation's previous actions. It sends a message that corporations can escape their obligations and debts by simply seeking special legislation. Additionally, this legislation fails to consider the potential negative consequences of reviving a corporation without proper scrutiny. Dissolved corporations may have engaged in unethical or illegal activities, and reviving them without proper investigation could allow these practices to continue unchecked. It is essential to prioritize the protection of consumers and stakeholders by thoroughly examining the reasons for dissolution before considering revival. Lastly, this bill sets a dangerous precedent for government intervention in the economy. Granting special legislation to revive a specific corporation opens the door for political favoritism and cronyism. It creates an environment where well-connected corporations can seek special treatment from the government, undermining the principles of fair competition and equal opportunity. In conclusion, Bill PR27 2023 undermines the principles of limited government, free market competition, and personal responsibility. Granting special legislation to revive a dissolved corporation sets a dangerous precedent and opens the door for political favoritism. It is essential to prioritize the principles of fairness, accountability, and free market competition over the interests of a specific corporation.
Royal Assent
  • Dec. 6, 2023, noon
  • Read
Third Reading
  • Dec. 6, 2023, noon
  • Passed
First Reading
  • June 7, 2023, noon
  • Passed