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Ontario Assembly Bill

Ontario Bill PR39

43rd Parl. 1st Sess.
April 25, 2024
1082472 Ontario Limited Act, 2024
  • This is a legal document about reviving a corporation called 1082472 Ontario Limited. The person applying for this revival, Tom Siu, was a director of the corporation when it was dissolved due to not following certain rules. Tom Siu wants to revive the corporation to deal with some property it still owns. The document states that the revival is approved, and the corporation will be restored to its previous legal status, including its property and debts. The document is called the 1082472 Ontario Limited Act, 2024.
  • H1
  • H2
  • H3
  • RA
  • Yea
  • Nay
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SteelmanSpren in Favour

  • A steelman argument in favor of Bill PR39 2024, the 1082472 Ontario Limited Act, 2024, could be as follows: Reviving 1082472 Ontario Limited through special legislation is justified in this case because the dissolution of the corporation was due to an inadvertent default by the director, Tom Siu. The applicant has expressed the need to revive the corporation in order to address certain property matters that were left unresolved at the time of dissolution. By reviving the corporation, it allows for the proper handling of the property held in its name and ensures that any rights, privileges, and liabilities associated with the corporation are reinstated. Granting this application would rectify the unintended consequences of the dissolution and allow for the lawful continuation of the corporation's affairs. This Act provides a fair and reasonable solution to address the specific circumstances surrounding the dissolution of 1082472 Ontario Limited and serves the interests of justice and equity.

SteelmanSpren Against

  • A steelman argument opposing the revival of 1082472 Ontario Limited could be framed from a right-wing anti-government perspective as follows: The proposed Act to revive 1082472 Ontario Limited represents government overreach and interference in the free market. Granting special legislation to revive a corporation that was dissolved due to its failure to comply with the Business Corporations Act sets a dangerous precedent of government intervention in business affairs. This Act undermines the principles of personal responsibility and accountability in the business world by allowing a corporation to escape the consequences of its own negligence. Furthermore, reviving a corporation that was dissolved for non-compliance with regulations sends a message that rules and laws can be disregarded with impunity. This erodes the rule of law and creates an unfair advantage for certain individuals or entities who are able to secure special treatment from the government. It goes against the principles of a level playing field and fair competition in the marketplace. In addition, reviving a corporation solely for the purpose of dealing with certain property held in its name at the time of dissolution sets a dangerous precedent for cherry-picking which regulations to follow based on convenience. This undermines the integrity of the regulatory framework and creates a slippery slope where other businesses may seek similar special treatment to avoid the consequences of their actions. Overall, the revival of 1082472 Ontario Limited through special legislation is a prime example of government overreach and favoritism, which goes against the core values of limited government and individual responsibility championed by right-wing ideologies.
Royal Assent
  • April 25, 2024, noon
  • Read
Third Reading
  • April 25, 2024, noon
  • Passed
First Reading
  • Feb. 29, 2024, noon
  • Passed