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2006 Utah Code - 16-4-19 — Status of stock purchased by corporation.

     16-4-19.   Status of stock purchased by corporation.
     All purchases of its own stock by the corporation for delinquent assessments vest the legal title to the same in the corporation, and the stock so purchased shall be treated as treasury stock and shall be held and disposed of in such manner as may be expressly provided in Title 16, Chapter 10a, Utah Revised Business Corporation Act.

Amended by Chapter 6, 1992 Special Session 3

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