{"data":{"id":"us-de/12-del.-c.-61-410","jurisdiction":"us-de","citation":"12 Del. C. § 61-410","heading":"Liquidating asset.","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 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 § 61-409 of this title, resources subject to § 61-411 of this title, timber subject to § 61-412 of this title, an activity subject to § 61-414 of this title, an asset subject to § 61-415 of this title, or any asset for which the trustee establishes a reserve for depreciation under § 61-503 of this title.\n(b) A trustee shall allocate to income 5 percent of the receipts from a liquidating asset and the balance to principal.","path":["Title 12. Decedents’ Estates and Fiduciary Relations","Allocation of Principal and Income","CHAPTER 61. Delaware Uniform Principal and Income Act","Subchapter IV. Allocation of Receipts During Administration of Trust"],"source_url":"https://delcode.delaware.gov/title12/c061/sc04/index.html#61-410","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:16Z","sha256":"71b183bdc8076f7f06f77133d30a820ba527b5787db7e8fcf68c1514a4bb0f29","source_id":"us-de","stale":true,"prev":"us-de/12-del.-c.-61-409","next":"us-de/12-del.-c.-61-411"},"notice":"GroundRules: Original legal text. Not legal advice."}