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.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 623 - Insurance — accounting and reserves.
623.02 - Standards for accounting rules.
623.04 - Valuation of liabilities.
623.06 - Standard valuation law.
623.11 - Amount of compulsory surplus.
623.12 - Amount of security surplus.
623.15 - Fraternal rates and reserves.