{"data":{"id":"us-md/md.-code-estates-and-trusts-15-517","jurisdiction":"us-md","citation":"Md. Code, Estates and Trusts § 15–517","heading":"","body":"(a) (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 period of limited duration.\n(2) “Liquidating asset” 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.\n(3) “Liquidating asset” does not include a payment subject to § 15-516 of this subtitle, resources subject to § 15-518 of this subtitle, timber subject to § 15-519 of this subtitle, an activity subject to § 15-521 of this subtitle, an asset subject to § 15-522 of this subtitle, or any asset for which the trustee establishes a reserve for depreciation under § 15-525 of this subtitle.\n(b) A trustee shall allocate to income 10 percent of the receipts from a liquidating asset and the balance to principal.","path":["Article - Estates and Trusts"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=get\u0026section=15-517","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:07Z","sha256":"3df4bfb5ac845c2f4edc6107afd0cb30a7cf5ebfdbfbcc826416ba6f02971422","source_id":"us-md","stale":false,"prev":"us-md/md.-code-estates-and-trusts-15-516","next":"us-md/md.-code-estates-and-trusts-15-518"},"notice":"GroundRules: Original legal text. Not legal advice."}