§ 57-33.2-16 — Corporate officer and limited liability company governor or manager liability

North Dakota § 57-33.2-16

• Jurisdiction: North Dakota
• Title 57: Taxation
• Ch. 57-33.2: Electric Generation, Distribution, and Transmission Taxes

Text

liability.
If a corporation or limited liability company taxable under this chapter fails for any reason to
file the required returns or pay the tax due, any of its officers, governors, or managers having
control or supervision of, or charged with the responsibility for making, the returns and
payments, are personally liable for the failure. The dissolution of a corporation or limited liability
company does not discharge an officer's, a governor's, or a manager's liability for a prior failure
of the corporation or limited liability company to make a return or remit the tax due. The sum
due for such a liability may be assessed and collected under this chapter for the assessment
and collection of other liabilities. If the officers, governors, or managers elect not to be
personally liable for the failure to file the required returns or to pay the tax due, the corporation
or limited liability company must make a cash deposit or post and maintain with the
commissioner a bond or undertaking executed by a surety company authorized to do business
in this state. The cash deposit, bond, or undertaking must be in an amount equal to the
estimated annual tax liability of the corporation or limited liability company.