{"data":{"id":"us-ky/krs-367.968","jurisdiction":"us-ky","citation":"KRS 367.968","heading":"Liability of officers, owners, directors and shareholders of companies","body":"subject to KRS 367.932 to 367.974 and 367.991.\n(1) Officers, owners, directors and shareholders of companies subject to the provisions\nof KRS 367.932 to 367.974 and 367.991 who knew of failure to comply with any of\nthe trust provisions of KRS 367.932 to 367.974 and 367.991 and who fail to take\nprompt and reasonable actions to correct, including notification to the Attorney\nGeneral's office, shall be personally liable, jointly and se verally, for the deficiency\nexisting in the trust funds and for any other civil remedy allowed by law.\n(2) In addition to the liabilities declared, the person who brings suit and recovers from\nan owner, officer, director, or shareholder of a company, shall  also recover his\nreasonable attorney's fees, the amount to be fixed and adjudged by the court before\nwhom the case is tried.","path":["KRS Chapter 367"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35131","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:06Z","sha256":"14de93aa6ebe25386a2a6a4017c1f87f7b656a9b327afa69ec6504fca2cda6b8","source_id":"us-ky","stale":false,"prev":"us-ky/krs-367.966","next":"us-ky/krs-367.970"},"notice":"GroundRules: Original legal text. Not legal advice."}