KRS 139.680 — Procedure in case of failure to withhold

(1) If the purchaser of a business or stock of goods fails to withhold the purchase price
as required, he becomes personally liable for the payment of the amount required to
be withheld by him to the extent of the purchase price, valued in money. Within
sixty (60) days after receiving a written request from the purchaser for a certificate,
or within sixty (60) days from the date the former owner's records are made
available for audit, whichever period expires the later, but in any event not later
than ninety (9 0) days after receiving the request, the department shall either issue
the certificate or mail notice to the purchaser at his address as it appears on the
records of the department of the amount that must be paid as a condition to issuing
the certificate.
(2) Failure of the department to mail the notice will release the purchaser from any
further obligation to withhold the purchase price as above provided.
(3) The time within which the obligation of a successor may be enforced shall start to
run at the time the retailer sells out his business or stock of goods or at the time that
the determination against the retailer becomes final, whichever event occurs the
later.