1. As used in this section, 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 includes a leasehold, patent, copyright, royalty right and right to receive payments during a period of more than 1 year under an arrangement that does not provide for the payment of interest on the unpaid balance. The term does not include a payment subject to NRS 164.865 , resources subject to NRS 164.875 , timber subject to NRS 164.880 , an activity subject to NRS 164.890 , an asset subject to NRS 164.895 , or any asset for which the trustee establishes a reserve for depreciation under NRS 164.910 . 2. A trustee shall allocate to income 10 percent of the receipts from a liquidating asset and the balance to principal.
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