Page 1 of 1 143.085 Corporate officers personally liable. Notwithstanding any other provisions of this chapter to the contrary, the president, vice <br>president, secretary, treasurer, or any other person holding any equivalent corporate office <br>of any corporation subject to the provisions of this chapter shall be personally and <br>individually liable, both jointly and severally, for the taxes imposed under this chapter, <br>and neither the corporate dissolution nor withdrawal of the corporation from the state nor <br>the cessation of holding any corporate office shall discharge the foregoing liability of any <br>person. The personal and individual liability shall apply to each and every person holding <br>corporate office at the time the taxes become or became due. No person will be personally <br>and individually liable pursuant to this section who had no authority in the management <br>of the business or financial affairs of the corporation at the time that the taxes imposed by <br>this chapter become or became due. Taxes as used in this section include interest accrued <br>at the rate provided by KRS 143.080, and all applicable penalties imposed under this <br>chapter, and all applicable penalties and fees imposed under KRS 131.180, 131.410 to <br>131.445, and 131.990. Effective: July 15, 1994 <br>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.
Page 1 of 1 143.085 Corporate officers personally liable. Notwithstanding any other provisions of this chapter to the contrary, the president, vice <br>president, secretary, treasurer, or any other person holding any equivalent corporate office <br>of any corporation subject to the provisions of this chapter shall be personally and <br>individually liable, both jointly and severally, for the taxes imposed under this chapter, <br>and neither the corporate dissolution nor withdrawal of the corporation from the state nor <br>the cessation of holding any corporate office shall discharge the foregoing liability of any <br>person. The personal and individual liability shall apply to each and every person holding <br>corporate office at the time the taxes become or became due. No person will be personally <br>and individually liable pursuant to this section who had no authority in the management <br>of the business or financial affairs of the corporation at the time that the taxes imposed by <br>this chapter become or became due. Taxes as used in this section include interest accrued <br>at the rate provided by KRS 143.080, and all applicable penalties imposed under this <br>chapter, and all applicable penalties and fees imposed under KRS 131.180, 131.410 to <br>131.445, and 131.990. Effective: July 15, 1994 <br>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.
Page 1 of 1 143.085 Corporate officers personally liable. Notwithstanding any other provisions of this chapter to the contrary, the president, vice <br>president, secretary, treasurer, or any other person holding any equivalent corporate office <br>of any corporation subject to the provisions of this chapter shall be personally and <br>individually liable, both jointly and severally, for the taxes imposed under this chapter, <br>and neither the corporate dissolution nor withdrawal of the corporation from the state nor <br>the cessation of holding any corporate office shall discharge the foregoing liability of any <br>person. The personal and individual liability shall apply to each and every person holding <br>corporate office at the time the taxes become or became due. No person will be personally <br>and individually liable pursuant to this section who had no authority in the management <br>of the business or financial affairs of the corporation at the time that the taxes imposed by <br>this chapter become or became due. Taxes as used in this section include interest accrued <br>at the rate provided by KRS 143.080, and all applicable penalties imposed under this <br>chapter, and all applicable penalties and fees imposed under KRS 131.180, 131.410 to <br>131.445, and 131.990. Effective: July 15, 1994 <br>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.
