Section 9. Any officer, director or employee of any corporation which is required under this chapter to pay an estimated tax, who shall be wilfully responsible for the failure of said corporation to pay any installment of estimated tax due thereunder shall be liable for the amount of tax thereby lost to the commonwealth, and to a penalty of not less than five hundred nor more than five thousand dollars.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 63b - Declaration of Estimated Tax by Corporations
Section 2 - Payment of Estimated Tax by Corporations
Section 3 - Interest on Underpayment of Estimated Taxes; Installment Payments
Section 4 - Time for Payment of First Installment
Section 4a - Amount and Time of Installment Payments
Section 4b - First Year Corporations With Less Than Ten Employees; Installment Payments
Section 5 - Credit Against Taxes
Section 7 - Taxable Years of Less Than Twelve Months
Section 10 - Addition of Tax or Penalty; Assessment and Collection