| << Previous Section (31A-17-406) | Next Section (31A-17-408) >> |
Insurance Code | |
Determination of Financial Condition | |
Section 407 | Accounting for repurchased shares. |
|
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 |
| << Previous Section (31A-17-406) | Next Section (31A-17-408) >> |