This bill allows Leos Service Center, Inc. to reinstate its corporate charter if it meets specific conditions by December 31, 2025. The corporation must file any required tax returns, pay all due taxes, and submit a certificate signed by the tax administrator to the secretary of state confirming compliance. Additionally, the corporation must file all necessary reports and pay any associated fees. Upon fulfilling these requirements, the revocation of the corporation's charter will be vacated, restoring its privileges, benefits, powers, and obligations as if the revocation had never occurred.

The bill emphasizes the importance of compliance with tax obligations and administrative requirements for the reinstatement of the corporation's charter. It is designed to provide a pathway for Leos Service Center, Inc. to regain its standing and continue its operations without the burden of a revoked charter, thereby promoting business continuity and compliance with state regulations. The act will take effect immediately upon passage.