KRS 138.885 — Personal and individual liability of officers of corporation subject to KRS 138.870 to 138.889

The president, vice president, secretary, treasurer, or any other person holding any
equivalent corporate office of any corporation subject to the provisio ns of KRS 138.870
to 138.889, shall be personally and individually liable, both jointly and severally, for the
tax, penalty, and interest imposed under KRS 138.872 and 138.889, and neither the
corporate dissolution nor withdrawal of the corporation from the state nor the cessation of
holding any corporate office shall discharge the liability of any person. The personal and
individual liability shall apply to each and every person holding the corporate office at the
time the tax becomes or became due. No per son shall be personally and individually
liable pursuant to KRS 138.870 to 138.889 who had no authority in the management of
the business or financial affairs of the corporation at the time that the tax imposed by
KRS 138.872 becomes or became due.