{"data":{"id":"us-ky/krs-341.830","jurisdiction":"us-ky","citation":"KRS 341.830","heading":"Assessment against transferee of a fraudulent conveyance made with","body":"intent to hinder or evade collection of contributions due from transferor.\n(1) When the cabinet reasonably believes that any employer has divested himself by\ngift, conveyance, assignment, transfer of, or charge upon any property, whether real,\npersonal, tangible or intangible, with the intent to hinder or evade the collection of\nany contributions assessed or to be assessed by the cabinet or declared by the\nemployer on a report filed wit h the cabinet, any transferee of such property may be\nassessed by the cabinet an amount equal to the lesser of the amount of contributions\nassessed against the transferor employer or the fair market value of the property so\ntransferred. However, no assessment shall be made pursuant to this section against a\ntransferee who takes the property for full and valuable consideration in money or\nmoney's worth, unless such transferee had notice of the intent of the transferor\nemployer to hinder or evade the collection of any contributions.\n(2) Any assessment made by the cabinet against a transferee pursuant to subsection (1)\nof this section is, except as provided in this section, subject to the same provisions\nand limitations as in the case of the contributions for w hich the liabilities were\nincurred.\n(3) The period of limitation for assessment of any liability against a transferee pursuant\nto subsection (1) of this section shall be as follows:\n(a) In the case of an initial transferee, within one (1) year after the ex piration of\nthe period of limitation for assessment against the transferor employer; and\n(b) In the case of the liability of a transferee, within one (1) year after the\nexpiration of the period of limitation for assessment against the preceding\ntransferee, but not more than three (3) years after the expiration of the period\nof limitation for assessment against the initial transferor employer.\n(4) The notice of any assessment against a transferee made pursuant to subsection (1) of\nthis section shall be eithe r given to the transferee in person or sent by mail to such\ntransferee's last known address.","path":["KRS Chapter 341"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=32350","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:30Z","sha256":"5c83e84240c646f86bbc3aae1f32ad4f8f672f159f089482a0b41405791832d6","source_id":"us-ky","stale":false,"prev":"us-ky/krs-341.825","next":"us-ky/krs-341.835"},"notice":"GroundRules: Original legal text. Not legal advice."}