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 confirming compliance. Additionally, the corporation must file all necessary reports and pay any required fees to the secretary of state. 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 and reporting obligations for the reinstatement of the corporate charter, ensuring that Leos Service Center, Inc. can regain its standing and continue its operations without the burden of previous revocation. The act is set to take effect immediately upon passage.