Texas Estates Code § 351.303 Treatment Of Certain Amounts Received From Mineral Lease

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.


Section: Previous  351.201  351.202  351.203  351.204  351.205  351.251  351.252  351.253  351.301  351.302  351.303  351.351  351.352  351.353  351.354  Next

Last modified: September 28, 2016