43rd Parl. 1st Sess.

December 06, 2023

Royal Assent received. Statutes of Ontario 2023, chapter Pr22
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This is a law called the Hillsdale Land Corp. Act, 2023. It is about reviving a corporation called Hillsdale Land Corp. The person who used to be the director and president of the corporation wants to bring it back to continue its business. The law says that the corporation will be revived and will have all its rights and property restored as if it had never been dissolved. The law will come into effect as soon as it receives approval from the government.

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SteelmanSpren in Favour

Steelman Argument: One possible steelman argument in favor of reviving Hillsdale Land Corp. is that it allows for the continuation of a business that has been operating despite its dissolution. By reviving the corporation, it can continue to carry on its business activities without interruption, ensuring the preservation of jobs, economic activity, and potentially benefiting the local community. The argument acknowledges that the corporation was dissolved under the Business Corporations Act, indicating that there may have been valid reasons for its dissolution. However, it argues that if the business has been able to operate effectively and generate value despite its dissolution, reviving the corporation would be a practical solution to maintain its operations. Reviving the corporation would restore its legal position, including its property, rights, privileges, and franchises. This means that any contracts, liabilities, and debts that were associated with the corporation prior to its dissolution would also be reinstated. This could provide a sense of continuity and stability for the corporation and its stakeholders, allowing them to resume their business activities without significant disruption. Furthermore, reviving the corporation through special legislation demonstrates a willingness on the part of the government to support local businesses and promote economic growth. By granting the application, the government acknowledges the importance of the corporation's operations and the potential benefits it brings to the community. In summary, the steelman argument in favor of reviving Hillsdale Land Corp. is that it allows for the continuation of a business that has been operating despite its dissolution, ensuring the preservation of jobs, economic activity, and potentially benefiting the local community. Reviving the corporation through special legislation demonstrates government support for local businesses and promotes economic growth.

SteelmanSpren Against

Steelman Argument Opposing Bill PR29 2023: While the intention behind Bill PR29 2023 may seem reasonable on the surface, it is important to consider the potential negative consequences of reviving Hillsdale Land Corp. This bill sets a dangerous precedent by allowing a dissolved corporation to be revived, disregarding the legal process and undermining the principles of free market competition. Firstly, reviving a dissolved corporation undermines the rule of law and the sanctity of contracts. When a corporation is dissolved, it is typically done so for valid reasons, such as failure to comply with legal requirements or financial mismanagement. Allowing a dissolved corporation to be revived without addressing the issues that led to its dissolution undermines the accountability and responsibility that corporations should uphold. Furthermore, reviving Hillsdale Land Corp. could create an unfair advantage in the market. By restoring the corporation to its previous legal position, including all its property, rights, and privileges, it effectively bypasses the consequences of its previous actions. This not only disadvantages other businesses that have been operating within the bounds of the law, but it also sends a message that certain entities can evade accountability and continue their operations without facing the repercussions of their past actions. Additionally, reviving Hillsdale Land Corp. may lead to a misallocation of resources. If the corporation was dissolved due to financial mismanagement or other issues, reviving it without addressing these underlying problems could result in the misallocation of resources, potentially leading to further economic instability. It is crucial to prioritize efficient resource allocation and ensure that businesses operate within a fair and competitive market. In conclusion, while the intention of Bill PR29 2023 may be to support a specific corporation, it is important to consider the potential negative consequences. Reviving a dissolved corporation undermines the rule of law, creates unfair advantages, and may lead to a misallocation of resources. It is essential to uphold the principles of free market competition and ensure that businesses are held accountable for their actions.