{"data":{"id":"us-co/c.r.s.-15-1.2-410","jurisdiction":"us-co","citation":"C.R.S. § 15-1.2-410","heading":"Liquidating asset - definition.","body":"(1) In this section, \"liquidating asset\" means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a limited time. The term 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.\n\n(2) This section does not apply to a receipt subject to section 15-1.2-401, 15-1.2-409, 15-1.2-411, 15-1.2-412, 15-1.2-414, 15-1.2-415, 15-1.2-416, or 15-1.2-503.\n\n(3) A fiduciary shall allocate:\n\n(a) To income:\n\n(I) A receipt produced by a liquidating asset, to the extent the receipt does not exceed four percent of the value of the asset; or\n\n(II) If the fiduciary cannot determine the value of the asset, ten percent of the receipt; and\n\n(b) To principal, the balance of the receipt.","path":["Title 15 - PROBATE, TRUSTS, AND FIDUCIARIES","Article 1.2 - Uniform Fiduciary Income and Principal Act","Part 4 - ALLOCATION OF RECEIPTS"],"source_url":"https://olls.info/crs/crs2026-title-15.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"bb13c1e6f443704c545d41dc1abc7944737c94e93ebf757c2a64fd3dd2f0a093","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-15-1.2-409","next":"us-co/c.r.s.-15-1.2-411"},"notice":"GroundRules: Original legal text. Not legal advice."}