{"data":{"id":"us-mt/72-34-442","jurisdiction":"us-mt","citation":"72-34-442","heading":"Receipts from liquidating assets -- allocation.","body":"(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. The term includes a leasehold, patent, copyright, royalty right, and right to receive payments 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 72-34-441, natural resources subject to 72-34-443, timber subject to 72-34-444, a derivative or option subject to 72-34-446, an asset subject to 72-34-447, or any asset for which the trustee establishes a reserve for depreciation under 72-34-450.\n(2) A trustee shall allocate to income 85% from a liquidating asset and the balance to principal.","path":["TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS","CHAPTER 34. PRINCIPAL AND INCOME","Part 4. Montana Uniform Principal and Income Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0720/chapter_0340/part_0040/section_0420/0720-0340-0040-0420.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:59:29Z","sha256":"ba0ac26c87e2941bcbd730d72c3131d25729e87209a1134ca36b8b79ba032860","source_id":"us-mt","stale":false,"prev":"us-mt/72-34-441","next":"us-mt/72-34-443"},"notice":"GroundRules: Original legal text. Not legal advice."}