220 CMR, 52.304
Current through Register 1538, January 3, 2025
When any company reacquires by purchase or otherwise, any of its capital stock that has been sold ata premium, the amount of the premium upon the shares so reacquired shall be debited to this account and concurrently credited to Profit and Loss account No. 418, "Appropriations of Surplus for Construction".
220 CMR, 52.304