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.
Wis. Stat. § 623.34
Accounting for repurchased shares. Cross-reference: See definitions in ss. 600.03 and 628.02. Cross-reference: See also chs. Ins 41, 50, 51, 52, and 55, Wis. adm. code
1979 c. 102.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.