31A-17-407. Accounting for repurchased shares.
When a corporation acquires its own shares under Sectionor in any other way, the acquired shares are accounted as a deduction from capital and not as assets.
Accounting for repurchased shares.
Utah Code § 31A-17-407, under Part 31A-17-4: Valuation and Reserves.
Utah Code § 31A-17-407