Private Bill Revives Marbro Holdings Ltd.

Summary#

This is a narrow, case-specific bill to bring back (revive) a single Ontario company, Marbro Holdings Ltd. The company was voluntarily closed in 2014. The applicant wants it active again to deal with real estate that was still in the company’s name when it closed.

• Brings Marbro Holdings Ltd. back into legal existence as if it had not been dissolved.
• Restores the company’s property, rights, and privileges, and also its debts and other obligations, from when it closed.
• Lets the company handle real estate that was in its name at the time of dissolution (for example, sell or transfer it).
• Protects any rights that other people gained after the company was dissolved.

What it means for you#

• General public

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

• People dealing with Marbro’s property (buyers, sellers, lenders)

  • Makes it easier to clear title and complete sales, mortgages, or transfers involving property once held by the company.

• Creditors owed money by Marbro as of 2014

  • You may be able to pursue claims again because the company’s prior debts and obligations are restored.

• Local governments

  • May see property records and accounts tied to Marbro updated. Any outstanding obligations tied to the company at the time of dissolution can be addressed.

• Shareholders/directors of Marbro

  • The company regains its legal status and can act again, but it also regains its past liabilities.

Expenses#

Estimated annual cost: minimal for government.

• No new programs, services, or broad policy changes.
• Administrative and legal costs are mainly private (borne by the applicant/company).
• Government may have small processing and legislative administration costs.
• Could lead to payment of any outstanding taxes or fees the company owed when it was dissolved.

Proponents' View#

• Allows the company to fix title issues and deal with real estate that remains in its name.
• Restores the company so it can sell, transfer, or mortgage property in a proper, legal way.
• Brings back past obligations, which can help protect creditors who were owed money.
• Is a narrow measure affecting only one company, without wider policy effects.

Opponents' View#

• Uses legislative time for a private matter that affects very few people.
• Reviving a company years later can create uncertainty about past transactions or debts.
• Limited public detail about the specific properties or issues involved.
• Even small administrative costs and efforts may not be justified for such a narrow case.