This bill provides a pathway for Leo’s Service Center, Inc. to reinstate its corporate charter, which has been revoked. To achieve this, the corporation must fulfill specific requirements by December 31, 2025. These requirements include filing any necessary corporation tax returns, paying all due taxes to the state, and submitting a certificate signed by the tax administrator confirming that all tax obligations have been met. Additionally, the corporation must file all required reports and pay any associated fees to the secretary of state. Upon completion of these actions, the revocation of the corporation's charter will be vacated, allowing it to regain all privileges, benefits, powers, and responsibilities as if the revocation had never occurred.

The bill introduces new legal language that outlines the conditions under which the charter revocation can be vacated, specifically detailing the requirements for tax compliance and reporting. There are no deletions from current law mentioned in the text provided. The act is set to take effect immediately upon its passage.