{"data":{"id":"us-dc/d.c.-code-28-4804.10","jurisdiction":"us-dc","citation":"D.C. Code § 28-4804.10","heading":"Liquidating asset.","body":"(a)\nFor 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.\n\n(b)\nA trustee shall allocate to income 10 percent of the receipts from a liquidating asset and the balance to principal.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Chapter 48. Principal and Income; Uniform Law.","Subchapter IV. Allocation of Receipts During Administration of Trust.","Subpart 3. Receipts Normally Apportioned."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28-4804.10","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"bd3c88c8ab57b9d25454ecc87a11f9f13342c824a7248c862f47b89b8991157b","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-4804.09","next":"us-dc/d.c.-code-28-4804.11"},"notice":"GroundRules: Original legal text. Not legal advice."}