# 8 Del. C. § 507: § Â 507. Collection of tax; preferred debt

> Delaware · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S507

## Section

- **Citation:** 8 Del. C. § 507
- **Heading:** § Â 507. Collection of tax; preferred debt
- **Jurisdiction:** Delaware
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Delaware Code / Title 8 / Chapter 5 / Section 507

## Text

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.

## Nearby sections

- [8 Del. C. § 501 § Â
        501. Corporations subject to and exempt from franchise tax.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S501.md)
- [8 Del. C. § 502 § Â
        502. Annual franchise tax report; contents; failure to file and pay tax; duties of Secretary of State.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S502.md)
- [8 Del. C. § 503 § Â
        503. Rates and computation of franchise tax.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S503.md)
- [8 Del. C. § 504 § Â
        504. Collection and disposition of tax; tentative return and tax; penalty interest; investigation of annual franchise tax report; notice of additional tax due.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S504.md)
- [8 Del. C. § 505 § Â
        505. Review and refund; jurisdiction and power of the Secretary of State; appeal.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S505.md)
- [8 Del. C. § 506 § Â
        506. Fund for payment of refunds.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S506.md)
- [8 Del. C. § 507 § Â
        507. Collection of tax; preferred debt.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S507.md)
- [8 Del. C. § 508 § Â
        508. Injunction against exercise of franchise or transacting business.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S508.md)
- [8 Del. C. § 509 § Â
        509. Further remedy in Court of Chancery; appointment of receiver or trustee; sale of property.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S509.md)
- [8 Del. C. § 510 § Â
        510. Failure to pay tax or file a complete annual report for 1 year; charter void; extension of time.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S510.md)
- [8 Del. C. § 511 § Â
        511. Repeal of charters of delinquent corporations; report to Governor and proclamation.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S511.md)
- [8 Del. C. § 512 § Â
        512. Filing and publication of proclamation.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S512.md)
- [8 Del. C. § 513 § Â
        513. Acting under proclaimed charter; penalty.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S513.md)
- [8 Del. C. § 514 § Â
        514. Mistakes in proclamation; correction.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S514.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DE_T8_C5_S507. Check the current official text before relying on it. Not legal advice.