8 Del. C. § 510: a year of unpaid franchise tax makes the charter void (8 Del. C. § 510)
A Delaware company that stopped paying its franchise tax or filing its annual report for a year has a void charter and cannot act, sell included, until it is revived under section 312.
Dated 21 Oct 2026Source checked 21 Oct 2026Quote found on its page again 21 Oct 2026Basis: primary text
In the source's own words
“neglects or refuses for 1 year to pay the State any franchise tax or taxes, which has or have been, or shall be assessed against it, or which it is required to pay under this chapter, or shall neglect or refuse to file a complete annual franchise tax report, the charter of the corporation shall be void, and all powers conferred by law upon the corporation are declared inoperative”
Figures it counts in
It is shown on its own, not counted into a figure.
Cited in this guide