Collection of tax; preferred debt.

Del. Code tit. 8, § 507
in effect
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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.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title8/c005/index.htmlFetched: 10/4/2026