72-34-412. Other property subject to depletion. Except as provided in 72-34-410 and 72-34-411, if the principal consists of property subject to depletion, including leaseholds, patents, copyrights, royalty rights, and rights to receive payments on a contract for deferred compensation, receipts from the property, not in excess of 5% per year of its inventory value, are income, and the balance is principal.

     History: En. Sec. 149, Ch. 685, L. 1989.