§ 57-40.2-15.1 — Corporate officer liability

North Dakota § 57-40.2-15.1

• Jurisdiction: North Dakota
• Title 57: Taxation
• Ch. 57-40.2: Use Tax

Text

1. If a corporation fails for any reason to file the required returns or to pay the tax due
under this chapter, the president, vice president, secretary, or treasurer of the
corporation, jointly or severally, 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 does not discharge an officer's liability for a prior
failure of the corporation to make a return or remit the tax due. The sum due for the
liability may be assessed and collected pursuant to the provisions of this chapter for
the assessment and collection of other liabilities.
2. If the corporate officers, governors, managers, or members of a member-controlled
limited liability company 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
be required to make a cash deposit or post and maintain with the tax commissioner a
bond or undertaking executed by a surety company authorized to do business in this
state. The cash deposit, bond, or undertaking provided for in this section must be in an
amount equal to the estimated annual use tax liability of the corporation or limited
liability company.