{"data":{"id":"us-ky/krs-386.482","jurisdiction":"us-ky","citation":"KRS 386.482","heading":"Receipts from liquidating assets.","body":"(1) In this section, \"liquidating asset\" means an asset whose value will diminish or\nterminate because the asset is expected to produce receipts for a period of limited\nduration. The term includes a leasehold, patent, copyright, royalty right, and right to\nreceive payments during a period of more than one (1) year under an arrangement\nthat shall not provide for the payment of interest on the unpaid balance. The term\nshall not include an activity subject to KRS 386.470(6), payment subject to KRS\n386.480, resources subject to KRS 386.484, timber subject to KRS 386.486, or any\nasset for which the trustee establishes a reserve for depreciation under KRS\n386.494.\n(2) A trustee shall allocate to income ten percent (10%) of the receipts from a\nliquidating asset and the balance to principal.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35933","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:16Z","sha256":"5a73dea8d16dcea5c17661e4e9f975568da70c13e21512cda33873fba05d9ecc","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.480","next":"us-ky/krs-386.484"},"notice":"GroundRules: Original legal text. Not legal advice."}