SECTION 1. If, on or before December 31, 2002 D.E.R. REALTY CORPORATION, incorporated on April 24, 1969 and shall file any corporation tax returns as may be required, and shall pay all taxes which were due or should have been due to the state, and shall file with the secretary of state a certificate signed by the tax administrator that such tax returns and such taxes have been paid; and shall also file all reports and pay all fees which may be required by the secretary of state, then the revocation of the charter of said corporation shall thereupon to wit, upon the filing of said certificate, said reports and the payment of said fees, be vacated and said corporation shall thereupon be entitled to all of the privileges, benefits and powers and subject to the same duties and liabilities as though no revocation of its charter had taken place.

SECTION 2. This act shall take effect upon passage.