Notwithstanding any other provisions of this chapter to the contrary, the president, vice president, secretary, treasurer, or any other person holding any equivalent corporate office of any corporation subject to the provisions of this chapter shall be personally and individually liable, both jointly and severally, for the taxes imposed under this chapter, and neither the corporate dissolution nor withdrawal of the corporation from the state nor the cessation of holding any corporate office shall discharge the foregoing liability of any person. The personal and individual liability shall apply to each and every person holding corporate office at the time the taxes become or became due. No person will be personally and individually liable pursuant to this section who had no authority in the management of the business or financial affairs of the corporation at the time that the taxes imposed by this chapter become or became due. Taxes as used in this section include interest accrued at the rate provided by KRS § 143.080, and all applicable penalties imposed under this chapter, and all applicable penalties and fees imposed under KRS § 131.180, 131.410 to
131.445, and 131.990.
Effective: July 15, 1994
History: Amended 1994 Ky. Acts ch. 65, sec. 20, effective July 15, 1994. — Created
1988 Ky. Acts ch. 322, sec. 10, effective July 15, 1988.