GroundRules
Utah Code § 31A-17-407: Accounting for repurchased shares.
Where this section sits in the code
- Title 31A Insurance Code
- Chapter 31A-17 Determination of Financial Condition
- Part 31A-17-4 Valuation and Reserves
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.
Collected 2026-09-03T11:34:33Z. Source file · JSON