The publicly traded corporation franchise fee shall be a debt due from the publicly traded 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 one month. The publicly traded corporation franchise fee shall also be a preferred debt in case of insolvency.
N.D. Cent. Code § 10-35-30
Collection of publicly traded corporation franchise fee - Preferred debt
Known as the North Dakota Publicly Traded Corporations Act
The act spans §§ 10–10 (33 sections).
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.