{"data":{"id":"us-ut/utah-code-31a-17-407","jurisdiction":"us-ut","citation":"Utah Code § 31A-17-407","heading":"Accounting for repurchased shares.","body":"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.","path":["Title 31A Insurance Code","Chapter 31A-17 Determination of Financial Condition","Part 31A-17-4 Valuation and Reserves"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter17/31A-17-S407.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"afbd55a374fd7b20680d1eea18f76c2643e9f8b31edc57532f9cfa9c9367f3da","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-17-406","next":"us-ut/utah-code-31a-17-408"},"notice":"GroundRules: Original legal text. Not legal advice."}