Louisiana § 9:2154 Other property subject to depletion

Louisiana Statutes

§ 9:2154 — Other property subject to depletion

Louisiana·Title 9 Civil Code-Ancillaries

§2154. Other property subject to depletion

A.Except as provided in R.S. 9:2152 and 2153, if the principal consists of property subject to depletion, the receipts shall be allocated in accordance with what is reasonable and equitable in view of the interests of those entitled to income as well as those entitled to principal.

B.An allocation of a receipt under this Section is presumed to be reasonable and equitable if ninety percent is allocated to principal and ten percent to income. Any other allocation shall not be presumed to be unreasonable or inequitable.

Free access — add to your briefcase to read the full text and ask questions with AI

§2154. Other property subject to depletion
A. Except as provided in R.S. 9:2152 and 2153, if the principal consists of property
subject to depletion, the receipts shall be allocated in accordance with what is reasonable and
equitable in view of the interests of those entitled to income as well as those entitled to
principal.
B. An allocation of a receipt under this Section is presumed to be reasonable and
equitable if ninety percent is allocated to principal and ten percent to income. Any other
allocation shall not be presumed to be unreasonable or inequitable.

Louisiana § 9:2154 (Other property subject to depletion) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.