There Is a Newer Version of the Utah Code
2011 Utah Code
Title 31A Insurance Code
Chapter 17 Determination of Financial Condition
Section 407 Accounting for repurchased shares.
31A-17-407. Accounting for repurchased shares.When a corporation acquires its own shares under Section 31A-5-306 or in any other way, the acquired shares are accounted as a deduction from capital and not as assets.
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