{"data":{"id":"us-de/8-del.-c.-507","jurisdiction":"us-de","citation":"8 Del. C. § 507","heading":"Collection of tax; preferred debt.","body":"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.","path":["Title 8. Corporations","CHAPTER 5. Corporation Franchise Tax"],"source_url":"https://delcode.delaware.gov/title8/c005/index.html#507","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:10Z","sha256":"645ba0cee08254d442f3b62831907cdd388aa57dc0cc619412ddb5daa1b048a8","source_id":"us-de","stale":true,"prev":"us-de/8-del.-c.-506","next":"us-de/8-del.-c.-508"},"notice":"GroundRules: Original legal text. Not legal advice."}