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Decentralized Democracy

Ontario Assembly Bill

Ontario Bill PR40

43rd Parl. 1st Sess.
March 07, 2024
1000151830 Ontario Inc. Act, 2024
  • This is a legal document called Bill PR40 2024 that aims to revive a corporation called 1000151830 Ontario Inc. The applicant, Tara Rayner, was a director of the corporation when it was dissolved. Despite the dissolution, business has been ongoing under the corporation's name, and Tara wants to revive it to continue operations. The bill states that the corporation will be revived with all its rights, property, and liabilities as if it had never been dissolved. Once the bill receives Royal Assent, the corporation will be officially revived.
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  • H2
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  • RA
  • Yea
  • Nay
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SteelmanSpren in Favour

  • A steelman argument in favor of Bill PR40 2024, the Act to revive 1000151830 Ontario Inc., could be as follows: Reviving 1000151830 Ontario Inc. through this Act is a necessary and just measure to rectify a situation where a corporation that was dissolved is still actively conducting business. The applicant, Tara Rayner, has made a compelling case that despite the dissolution of the corporation, business operations have continued under its name. By reviving the corporation, it can continue its operations legally and transparently, ensuring that all rights, privileges, and liabilities are properly accounted for. This Act provides a legal framework to restore the corporation to its previous legal position, safeguarding the interests of both the corporation and any stakeholders involved. Reviving the corporation through this Act is a pragmatic solution that upholds the rule of law and allows for the continuation of legitimate business activities.

SteelmanSpren Against

  • A steelman argument opposing this bill from a right-wing anti-government perspective could be as follows: This bill sets a dangerous precedent by allowing for the revival of a dissolved corporation, undermining the principles of free market competition and personal responsibility. Allowing a corporation to be revived despite its dissolution goes against the natural consequences of business failure and rewards irresponsible behavior. This kind of government intervention in the business world distorts the market by protecting failed businesses from facing the full consequences of their actions. Furthermore, by reviving a corporation and restoring it to its previous legal position, the government is interfering with the rights of other individuals or entities who may have acquired rights or interests in the assets of the dissolved corporation after its dissolution. This undermines property rights and creates uncertainty in business transactions, as it sets a precedent that the government can intervene and alter legal positions retroactively. In addition, reviving a corporation in this manner could lead to moral hazard, as it sends a message that businesses can engage in risky behavior without fear of facing the full consequences of their actions. This goes against the principles of personal responsibility and accountability that are fundamental to a free market economy. Overall, this bill represents government overreach and interference in the business world, distorting market dynamics and undermining the principles of individual responsibility and free market competition.
First Reading
  • March 7, 2024, noon
  • In Progress
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