{"data":{"id":"us-nh/rsa-564-c-4-410","jurisdiction":"us-nh","citation":"RSA 564-C:4-410","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 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 RSA 564-C:4-409, resources subject to RSA 564-C:4-411, timber subject to RSA 564-C:4-412, an activity subject to RSA 564-C:4-414, an asset subject to RSA 564-C:4-415, or any asset for which the trustee establishes a reserve for depreciation under RSA 564-C:5-503.\n(b) A trustee shall allocate to income 10 percent of the receipts from a liquidating asset and the balance to principal.","path":["Title LVI: PROBATE COURTS AND DECEDENTS' ESTATES","Chapter Part 3: Receipts Normally Apportioned"],"source_url":"https://gc.nh.gov/rsa/html/LVI/564-C/564-C-4-410.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T17:07:46Z","sha256":"a244787c731f4ca74eedeb57cc57edb43b7402c9c20e6908bc33bc6f5c7ae328","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-564-c-4-409","next":"us-nh/rsa-564-c-4-411"},"notice":"GroundRules: Original legal text. Not legal advice."}