This bill extends the deadline for the Dr. Martin Luther King, Jr. Parent-Teacher Organization, which was incorporated on November 4, 1983, to file required reports for the years 1983 through 2026. The new deadline is set for December 31, 2026. To avoid forfeiture or revocation of its charter, the organization must file these reports and pay the necessary filing fees to the Secretary of State, as well as a sum determined by the Attorney General as a compromise for any penalties incurred due to the failure to file the reports in the specified years.

Upon successful filing of the reports and payment of the fees, the forfeiture or revocation of the organization's charter will be vacated, allowing it to regain all privileges, benefits, powers, and responsibilities as if no forfeiture had occurred. The act is set to take effect immediately upon passage.