Illinois Compiled Statutes 760 ILCS 15 Principal and Income Act. Section 12

    (760 ILCS 15/12) (from Ch. 30, par. 512)

    Sec. 12. Other property subject to depletion. Except as provided in Section 10, if the principal consists of property subject to depletion, including leaseholds, patents, copyrights, trademarks, and royalty rights, the receipts therefrom shall be allocated to principal.

(Source: P.A. 82-390; 87-714.)

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Last modified: February 18, 2015