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<br />" <br /> <br />-. <br /> <br />person haye been discharged or until applicable statutes,of <br />limitation pertaining thereto haye expired. <br /> <br />(III) A combination of insurance and any of the <br />substitutes described in this paragraph (b). <br /> <br />SECTION 2. Article 42 of- title 7, Colorado Reyised <br />Statutes, as amended, is amended BY THE ADDITION OF A NEW <br />SECTION to read: ' <br /> <br />7-42-118. Liability of stockholders, directors, and <br />officers. Stockholders, directors, and officers of <br />corporations formed unde~ the provisions of this article shall <br />enjoy the same measure of immunity from liability for <br />corporate acts or omissions as.. stockholders, directors, and <br />officers of corporations formed under the "Colorado <br />Corporation Codetl, articles 1 to 10 of this title, or the <br />"Colorado Nonprofit Corporation Act", articles 20 to 29 of <br />'this title. <br /> <br />SECTION 3. 35-49-104, Colorado Reyised Statutes, 1984 <br />RepT. Vol., is amended to read: <br /> <br />3S-49-104. Statutes inapplicable. The proYisions of <br />sections 37-87-101 to 37-87-108 and, o,-a,-ff3 37-87-114 to <br />37-87-115, C.R.S., shall not apply to stock water tanks of the <br />character defined in section 35-49-103. <br /> <br />SECTION 4. Repea 1. 37-87-113, <br />Statutes, as amended, is repealed. <br /> <br />Colorado <br /> <br />Revised <br /> <br />SECTION 5. Safety clause. The general <br /> <br />a5 s emb 1 y he reby <br /> <br />PAGE 3-HOUSE BILL NO. 1185 <br />