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Bill PR5, Social Asset Measurements Inc. Act, 2025

Bell, Jessica

Current status:

Royal Assent received. Statutes of Ontario 2025,

chapter Pr5

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Status

Royal Assent

Original

Bill PR5 Royal Assent (PDF)

Bill PR5 2025

Act to revive Social Asset Measurements Inc.

Preamble

Anshula

Chowdhury has applied for special legislation to revive Social Asset

Measurements Inc. The applicant represents that they were the director of the

corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on October 1, 2024 pursuant to

articles of dissolution. The applicant represents that they would like to

revive the corporation in order to deal with certain liabilities that were in

the corporation’s name at the time of the dissolution.

is appropriate to grant the application.

Therefore,

His Majesty, by and with the advice and consent of the Legislative Assembly of

the Province of Ontario, enacts as follows:

Corporation

revived

Social

Asset Measurements Inc. is revived and is, subject to any rights acquired by

any person after its dissolution, restored to its legal position, including all

its property, rights, privileges and franchises and subject to all its

liabilities, contracts, disabilities and debts, as of the date of its

dissolution, in the same manner and to the same extent as if it had not been

dissolved.

Commencement

This Act comes into force on the day it receives Royal Assent.

Short

title

The

short title of this Act is the Social Asset

Measurements Inc. Act, 2025 .

Bill PR5 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR5 2025

Act to revive Social Asset Measurements Inc.

Preamble

Anshula

Chowdhury has applied for special legislation to revive Social Asset

Measurements Inc. The applicant represents that they were the director of the

corporation when it was dissolved. The corporation was dissolved under the Business Corporations Act on October 1, 2024 pursuant to

articles of dissolution. The applicant represents that they would like to

revive the corporation in order to deal with certain liabilities that were in

the corporation’s name at the time of the dissolution.

is appropriate to grant the application.

Therefore,

His Majesty, by and with the advice and consent of the Legislative Assembly of

the Province of Ontario, enacts as follows:

Corporation

revived

Social

Asset Measurements Inc. is revived and is, subject to any rights acquired by

any person after its dissolution, restored to its legal position, including all

its property, rights, privileges and franchises and subject to all its

liabilities, contracts, disabilities and debts, as of the date of its

dissolution, in the same manner and to the same extent as if it had not been

dissolved.

Commencement

This Act comes into force on the day it receives Royal Assent.

Short

title

The

short title of this Act is the Social Asset

Measurements Inc. Act, 2025 .

Date Bill stage Event Outcome Committee

December 11, 2025

Royal Assent

Royal Assent received

December 10, 2025

Third Reading

Vote

Carried

December 10, 2025

Third Reading

Question put

December 10, 2025

Second Reading

Ordered for Third Reading

December 10, 2025

Second Reading

Vote

Carried

December 10, 2025

Second Reading

Question put

June 4, 2025

First Reading

Ordered for Second Reading

June 4, 2025

First Reading

Vote

Carried

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