Sec. 351.303. TREATMENT OF CERTAIN AMOUNTS RECEIVED FROM MINERAL LEASE. For the purposes of this subchapter, bonuses, rentals, and royalties received for or from an oil, gas, or other mineral lease shall be treated as income rather than as principal.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Structure Texas Statutes
Title 2 - Estates of Decedents; Durable Powers of Attorney
Subtitle H - Continuation of Administration
Chapter 351 - Powers and Duties of Personal Representatives in General
Subchapter G. Payment of Income of Certain Estates During Administration
Section 351.301. Applicability of Subchapter
Section 351.302. Application and Order for Payment of Certain Estate Income
Section 351.303. Treatment of Certain Amounts Received From Mineral Lease