Utah Code Ann. § 31A-17-407 – Accounting for repurchased shares. | Midpage
§ 31A-17-407
Utah Code Ann. § 31A-17-407
Accounting for repurchased shares.
Enacted by Chapter 242, 1985 General Session
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.