Summary#
This Ontario private bill would bring back (revive) a small company, 668986 Ontario Inc., that was dissolved in 1990 for not meeting tax filing rules. The former sole director and shareholder, Domingo Ramon Pineda, asked for the revival so he can deal with land (real property) that was still in the company’s name when it was dissolved.
- Revives the corporation as if it had not been dissolved.
- Restores its property, rights, and responsibilities from before dissolution.
- Keeps safe any rights other people gained after the company was dissolved.
- Takes effect when it receives Royal Assent (final approval that makes a bill into law).
What it means for you#
- Most people: No direct impact. This bill concerns one specific company and its land.
- Property owners, buyers, or tenants tied to this land:
- The company can sell, transfer, or manage the land that was in its name.
- If you legally gained rights to that land after 1990, those rights are protected.
- Former business partners or creditors of the company:
- Any unresolved contracts or debts from before dissolution remain the company’s responsibility after revival.
- Land registry and legal professionals:
- May see limited, case-specific filings to clear title and handle transfers.
Expenses#
No publicly available information.
Proponents' View#
- Fixes an old paperwork problem so land can be properly sold or managed.
- Restores the company only to settle property matters; it does not create new programs or broad rules.
- Protects third parties by keeping any rights they gained after 1990.
- Uses a standard, narrow tool (a private bill) for an unusual, case-by-case situation.
Opponents' View#
- Reviving a company after many years could create confusion or delays in land title records.
- Could reopen old disputes or liabilities tied to the company’s past.
- May be seen as lenient toward past tax non-compliance, even if the default was said to be accidental.
- Limited public details about the property or potential claims make broader impacts hard to assess.