For the purposes of this section, the term “liquidating asset” means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a period of limited duration. The term “liquidating asset” includes a leasehold, patent, copyright, royalty right, and right to receive payments during a period of more than one year under an arrangement that does not provide for the payment of interest on the unpaid balance. The term “liquidating asset” does not include a payment subject to § 28-4804.09 , resources subject to § 28-4804.11 , timber subject to § 28-4804.12 , an activity subject to § 28-4804.14 , an asset subject to § 28-4804.15 , or any asset for which the trustee establishes a reserve for depreciation under § 28-4805.03 . A trustee shall allocate to income 10 percent of the receipts from a liquidating asset and the balance to principal.
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