623.34 Accounting for repurchased shares. When a corporation acquires its own shares under s. 611.34 or in any other way, the acquired shares shall be accounted for as a deduction from capital and not as assets. History: 1979 c. 102.
Wis. Stat. § 623.34, under INSURANCE — ACCOUNTING AND RESERVES.
Wis. Stat. § 623.34
623.34 Accounting for repurchased shares. When a corporation acquires its own shares under s. 611.34 or in any other way, the acquired shares shall be accounted for as a deduction from capital and not as assets. History: 1979 c. 102.