Austin v. Porterfield

R. C. 5701.06(C) defines investments as “Annuities, royalties and other contractual obligations for the periodical payment of money and other incorporeal rights of a pecuniary nature from which income is or may be derived, however evidenced.”

The appellants claim that Mary C. Austin has no proprietary interest in the writings which she has created, hav*221ing sold all her interests therein to the various publishers as evidenced by her contracts, and that the payments made to her, which are designated as “royalties” in the contracts, are not, in fact, “royalties” but are installment payments for…