Definition of DEPLETABLE ECONOMIC INTEREST in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.
Definition of DEPLETABLE ECONOMIC INTEREST
The interest in mineral land which is subject to depletion by the removal of the minerals by operation of an oil well, mine, or the like. 26 U.S.C.A.Int. Rev.Code § 114. Spalding v. U. S., C.C.A.Cal., 97 F.2d 697, 700; U. S. v. Spalding, C.CA.Cal.,, 97 F.2d 701, 704.
---
That's the definition of DEPLETABLE ECONOMIC INTEREST in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
