Single Dissolved Company Revived by Law

Summary#

• This bill brings back a single private company, 730159 Ontario Ltd., that was dissolved in 1994 for missing required filings.

• The goal is to let the former director run the business again under the same company name.

• The company is legally “revived” (brought back to legal life).

• All of the company’s past property, rights, and privileges return, and so do its debts and duties.

• People who gained legal rights after the company was dissolved keep those rights. The revival does not undo them.

• The law takes effect on the day it gets Royal Assent (final approval).

What it means for you#

• Most people

  • No direct impact. This is a private bill affecting one company.

• Former owner/director of 730159 Ontario Ltd.

  • Can use the old company name again to carry on business.
  • Can deal with any company property or accounts that still exist.
  • Must also face any old company debts or obligations that still apply under current law.

• Creditors and business partners (past or present)

  • May be able to resolve unfinished business with the company because it exists again.
  • Any valid claims or contracts tied to the company may be addressed through the revived corporation.

• People who bought assets or gained rights after 1994

  • Your rights remain protected. The bill says revival does not take away rights others gained after the dissolution.

• Government and registries

  • Company records will show the corporation as active again from the date of Royal Assent.

Expenses#

No publicly available information.

Proponents' View#

• This is a routine fix that lets a company return after an accidental filing lapse.
• It helps clear up property, contracts, and banking that may still be tied to the old corporate name.
• It restores both rights and responsibilities, so the company can meet any outstanding obligations.
• It protects third parties by keeping in place any rights they gained since 1994.
• Using a private bill is an appropriate path when standard administrative revival is not available.

Opponents' View#

• Reviving a company dissolved decades ago could create confusion about old records and liabilities.
• It uses legislative time to benefit a single private party.
• The company failed to follow filing rules; revival may seem like leniency.
• There could be uncertainty for creditors or partners about which claims still apply after so many years, even if third-party rights are protected.