Except as provided in Section 10, if the principal consists of property subject to depletion, including leaseholds, patents, copyrights, trademarks, and royalty rights, the receipts therefrom shall be allocated to principal.
760 ILCS 15/12
Other property subject to depletion
Known as the Principal and Income Act
The act spans §§ 760-15-1 to 760-15-9 (18 sections).
P.A. 82-390; 87-714.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.