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Accounting for repurchased shares.

Utah Code § 31A-17-407
in effect
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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. Enacted by Chapter 242, 1985 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title31A/Chapter17/31A-17-S407.html?v=C31A-17-S407_1800010118000101Fetched: 10/26/2026

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