State Codes and Statutes
Statutes > Utah > Title-31a > Chapter-17 > 31a-17-40731A-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.
Enacted by Chapter 242, 1985 General Session