KRS 136.565: Liability of corporate officers for taxes.

Notwithstanding any other provisions of KRS 136.500 to 136.575, the president, vice

president, secretary, treasurer, or any other person holding any equivalent corporate office

of any financial institution subject to the provisions of KRS 136.500 to 136.57 5 shall be

personally and individually liable jointly and severally, for the taxes under KRS 136.500

to 136.575 in the event that the financial institution is unable to make payment. Neither

the corporate dissolution or withdrawal of the financial institut ion from the

Commonwealth nor the cessation of holding any corporate office shall discharge the

liability imposed by this section. The personal and individual liability shall apply to each

and every person holding a corporate office at the time the taxes b ecome or became due.

No person will be personally and individually liable pursuant to this section if that person

did not have authority in the management of the business or financial affairs of the

financial institution at the time the taxes imposed by KR S 136.500 to 136.575 become or

became due. "Taxes" as used in this section includes interest accrued at the rate provided

by KRS 131.010(6) and all applicable penalties and fees imposed under the provisions of

KRS 136.500 to 136.575 and KRS 131.180, 131.440, and 131.990.