2012 Kentucky Revised Statutes CHAPTER 341 UNEMPLOYMENT COMPENSATION 341.810 Surrender of property upon which levy made -- Effect of surrender or failure to do so.
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341.810 Surrender of property upon which levy made -- Effect of surrender or
failure to do so.
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Any person in possession of or obligated with respect to property or rights to
property subject to levy upon which a levy has been made shall, upon demand of the
secretary or his delegate, surrender such property or rights or discharge such
obligation to the secretary or his delegate, except such part of the property or rights
as is, at the time of such demand, subject to an attachment or execution under any
judicial process.
Any person who fails or refuses to surrender any property or rights to property
subject to levy shall be liable in his own person and estate to the Commonwealth in
a sum equal to the value of the property or rights not so surrendered, but not
exceeding the amount of contributions, interest and penalties for the collection of
which such levy has been made, together with costs and interest on such and at the
rate of fifteen percent (15%) per annum from the date of such levy. Any amount
other than costs recovered under this subsection shall be credited against the subject
employer's liability for the collection of which such levy was made.
Any person in possession of or obligated with respect to property or rights to
property subject to levy upon which a levy has been made who, upon demand by the
secretary or his delegate, surrenders such property or rights to property or discharges
such obligation to the secretary or his delegate shall be discharged from any
obligation or liability to the delinquent employer with respect to such property or
rights to property arising from such surrender or payment.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 26, sec. 12, effective July 15, 1986.
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