{"data":{"id":"us-id/idaho-code-68-10-410","jurisdiction":"us-id","citation":"Idaho Code § 68-10-410","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 one (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 section 68-10-409, Idaho Code, resources subject to section 68-10-411, Idaho Code, timber subject to section 68-10-412, Idaho Code, an activity subject to section 68-10-414, Idaho Code, an asset subject to section 68-10-415, Idaho Code, or any asset for which the trustee establishes a reserve for depreciation under section 68-10-503, Idaho Code.\n(b) A trustee shall allocate to income ten percent (10%) of the receipts from a liquidating asset and the balance to principal.","path":["TITLE 68 TRUSTS AND FIDUCIARIES","CHAPTER 10 UNIFORM PRINCIPAL AND INCOME ACT","PART 4. ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title68/t68ch10/sect68-10-410/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:24:31Z","sha256":"310057774becdf744d80e4841f8df2446db151ad820f31e796bb9761bc9246c5","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-68-10-409","next":"us-id/idaho-code-68-10-411"},"notice":"GroundRules: Original legal text. Not legal advice."}