{"data":{"id":"us-al/ala.-code-19-3a-410","jurisdiction":"us-al","citation":"Ala. Code § 19-3A-410","heading":"Liquidating Assets.","body":"(a) 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 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 Section 19-3A-409, natural resources subject to Section 19-3A-411, timber subject to Section 19-3A-412, an activity subject to Section 19-3A-414, an asset subject to Section 19-3A-415, or any asset for which the fiduciary establishes a reserve for depreciation under Section 19-3A-503.\n(b) A fiduciary shall allocate to income ten percent (10%) of the receipts from a liquidating asset and the balance to principal.","path":["Title 19 Fiduciaries and Trusts.","Chapter 3A Alabama Principal and Income Act.","Article 4 Allocation of Receipts During Administration."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=19-3A-410","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"c196d47b88cc38a209d01afa7a5a9df4c0a459e2c4adf7fae0f91471f210e439","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-19-3a-409","next":"us-al/ala.-code-19-3a-411"},"notice":"GroundRules: Original legal text. Not legal advice."}