Bill PR8 explained in plain English
Good Fortune Corporation Act, 2019
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 42nd Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill Pr8 revives the Good Fortune Corporation, restoring it to its legal status as of its dissolution in 2017 to allow for the collection of outstanding monies.
This bill revives the Good Fortune Corporation, which was voluntarily dissolved on August 24, 2017. The revival restores the corporation to its legal position as if it had not been dissolved, subject to any rights acquired by others after its dissolution. The corporation will have its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts as it did on the date of dissolution. This revival is to allow the collection of money owed to the corporation.
- Revives the Good Fortune Corporation.
- Restores the Good Fortune Corporation to its legal position, including property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts, as if it had not been dissolved, subject to rights acquired by others after dissolution.
- Establishes the short title of the Act as the Good Fortune Corporation Act, 2019.
- Specifies that the Act comes into force on the day it receives Royal Assent.
- Good Fortune Corporation
- Yang Liu (applicant and former director/shareholder)
- Any persons who acquired rights after the dissolution of Good Fortune Corporation
- Restoration of all property, rights, privileges, and franchises of Good Fortune Corporation.
- Restoration of all liabilities, contracts, disabilities, and debts of Good Fortune Corporation.
- The revival is subject to any rights acquired by any person after the dissolution of the corporation.
- August 24, 2017 (date of dissolution of Good Fortune Corporation)
- June 6, 2019 (date the Act received Royal Assent and came into force)
- The revival aims to allow the collection of monies owing to Good Fortune Corporation.
- The revival of the corporation is subject to any rights that have been acquired by any person after the corporation's dissolution.
The Good Fortune Corporation is brought back into legal existence, with its rights, property, and liabilities restored to what they were before its dissolution.
Source: 1
The voluntary dissolution of Good Fortune Corporation under this Act is reversed by this special legislation.
Source: Preamble
This Act comes into effect on the date it receives Royal Assent.
Source: 2
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textProcess Snapshot
Vote Summary
This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.
No published representative vote breakdown
The current official sources do not publish a recorded division breakdown for this bill, so there is no representative-by-representative table to show.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced