738.11  Other property subject to depletion.--Except as provided in ss. 738.09 and 738.10, 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 percent per year of its inventory value are income and the balance is principal.

History.--s. 1, ch. 74-106; s. 16, ch. 75-221.

Note.--Created from former s. 690.11.