Treatment of Certain Amounts Received from Mineral Lease

Powers and Duties of Personal Representatives in General · Payment of Income of Certain Estates During Administration

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.

Official text of the Texas Estates Code as published by the Texas Legislative Council.

Official source

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.