Liability of stockholders, directors, and officers

7-42-118. Liability of stockholders, directors, and officers. Stockholders, directors, and officers of corporations formed under the provisions of this article shall enjoy the same measure of immunity from liability for corporate acts or omissions as stockholders, directors, and officers of corporations formed under the Colorado Business Corporation Act, articles 101 to 117 of this title, or as members, directors, and officers of nonprofit corporations formed under the Colorado Revised Nonprofit Corporation Act, articles 121 to 137 of this title. Source: L. 86: Entire section added, p. 1092, � 2, effective May 16. L. 93: Entire section amended, p. 855, � 8, effective July 1, 1994. L. 97: Entire section amended, p. 756, � 9, effective July 1, 1998. ARTICLE 43 Flume and Pipeline Companies Cross references: For definitions applicable to this article, see � 7-90-102.