Ontario Revives Ludger Michel Estates Limited

Summary#

This is a private bill to bring back a single Ontario company, Ludger Michel Estates Limited, which was dissolved in 2021. The former director asked to revive the company so it can collect money that is still owed to it. If passed, the law treats the company as if it was never dissolved, with some protections for people who gained rights after it shut down.

• Revives Ludger Michel Estates Limited as a legal company again.
• Restores its property, rights, and contracts as if the company had not been dissolved.
• Also restores its debts and other obligations; it must still pay what it owes.
• Protects anyone who gained legal rights after the company was dissolved; those rights remain.
• Takes effect on the day it receives Royal Assent (when it becomes law).

What it means for you#

• General public

  • No direct impact for most people. This bill affects only one company.

• People who owe or are owed money by the company

  • If you owe the company money, it can now collect it.
  • If the company owes you money, you can again pursue payment from the company.

• Business partners and contractors

  • Old contracts with the company come back into effect, unless someone else legally gained rights after the company dissolved.
  • You may need to reopen past invoices or settle accounts tied to the company.

• Property holders and third parties

  • If you legally acquired rights to the company’s former property after it dissolved, those rights are protected.

Expenses#

No publicly available information.

Proponents' View#

• Lets the company recover money that is still owed, which can be fair to shareholders and creditors.
• Restores both rights and duties, so the company cannot dodge debts while seeking payment.
• Protects third parties who gained rights after dissolution, reducing risk to others.
• A routine use of a private bill to fix a specific case where administrative revival is not available.

Opponents' View#

• Uses legislative time for a single company’s issue.
• Could create uncertainty for people who dealt with the company during the period it was dissolved.
• Some may prefer an administrative process rather than a special law for one corporation.