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2020 Delaware Code
Title 8 - Corporations
Chapter 5. Corporation Franchise Tax
§ 507 Collection of tax; preferred debt.

Universal Citation:
8 DE Code § 507. (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
§ 507. Collection of tax; preferred debt.

The franchise tax shall be a debt due from the corporation to the State, for which an action at law may be maintained after the same shall have been in arrears for a period of 1 month. The tax shall also be a preferred debt in case of insolvency.

21 Del. Laws, c. 166, § 6;  22 Del. Laws, c. 15, § 6;  Code 1915, § 107;  36 Del. Laws, c. 6, § 5;  Code 1935, § 100;  8 Del. C. 1953, § 507;  55 Del. Laws, c. 90, § 1;  58 Del. Laws, c. 450, § 5; 
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