Rhode Island S3266 vacates the revocation of Charlie's Oil Co., Inc.'s charter if the company meets certain conditions.
Rhode Island S3266 provides that if Charlie's Oil Co., Inc. files required corporation tax returns, pays due taxes, and submits a certificate from the tax administrator to the secretary of state by December 31, 2026, the revocation of its charter will be vacated. The company will then regain all privileges, benefits, powers, and be subject to the same duties and liabilities as if the charter revocation had never occurred. This act takes effect upon passage.
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