Rhode Island Senate Bill S3266

Rhode Island 2026 Regular Session

• Introduced: 5/5/26
• Engrossed: 5/7/26
• Refer: 5/8/26
• Report Pass: 6/2/26

Caption

TO VACATE THE FORFEITURE OR REVOCATION OF THE CHARTER OF CHARLIE'S, OIL CO., INC.

Summary

This bill would restore the corporate charter of Charlie’s Oil Co., Inc. if the company satisfies a set of compliance requirements by December 31, 2026. Specifically, the corporation must file any required corporate tax returns, pay all taxes due or that should have been due to the state, obtain a certificate from the tax administrator confirming payment, and file any required reports and fees with the secretary of state. If those conditions are met, the prior forfeiture or revocation of the corporation’s charter would be vacated, and Charlie’s Oil Co., Inc. would regain its legal status as a corporation. The company would then have all the privileges, benefits, powers, duties, and liabilities it would have had if its charter had never been revoked.

Impact

The bill affects Rhode Island corporate law and state administrative enforcement by creating a one-time mechanism to reinstate a specific corporation’s charter upon proof of tax and filing compliance. It does not change general corporate rules for all businesses, but it allows Charlie’s Oil Co., Inc. to return to good standing if it satisfies the state’s tax and reporting obligations and secures the required certification from the tax administrator and secretary of state.

Sentiment

The available record suggests the bill was treated as a routine consent-calendar measure, with no recorded committee debate or votes indicating controversy. That typically signals neutral or favorable sentiment, likely because the bill is a narrow, company-specific reinstatement conditioned on full compliance with state requirements.

Contention

There is no documented committee discussion or voting history showing disagreement. The main policy point inherent in the bill is whether a previously revoked corporation should be restored to active status, but the bill addresses that concern by requiring payment of all taxes, filing of returns, and completion of all required reports and fees before reinstatement.