Tex. Est. Code Section 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.

Source: Section 351.303 — Treatment of Certain Amounts Received from Mineral Lease, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­351.­htm#351.­303 (accessed Apr. 29, 2024).

Accessed:
Apr. 29, 2024

§ 351.303’s source at texas​.gov