1997 Minnesota Statutes

     296.152 Tax as personal debt of fiduciary. 

    The tax imposed by this chapter, and interest and 
 penalties, is a personal debt of the taxpayer from the time the 
 liability arises, regardless of when the time for discharging 
 the liability by payment occurs.  The debt is, in the case of 
 any fiduciary, that of the individual in the individual's 
 official or fiduciary capacity only, unless the individual has 
 voluntarily distributed the assets held in that capacity without 
 reserving sufficient assets to pay the tax, interest, and 
 penalties, in which event the individual is personally liable 
 for the deficiency. 

    HIST: 1994 c 510 art 5 s 31