{"data":{"id":"us-tn/tenn.-code-ann.-35-6-410","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 35-6-410","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. Liquidating asset 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. Liquidating asset does not include a payment subject to § 35-6-409 , resources subject to § 35-6-411 , timber subject to § 35-6-412 , an activity subject to § 35-6-414 , an asset subject to § 35-6-415 , or any asset for which the trustee establishes a reserve for depreciation under § 35-6-503 .\n(b) A trustee shall allocate to income ten percent (10%) of the receipts from a liquidating asset and the balance to principal.","path":["TN Code","Title 35","Chapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"cf0f0402809a8a04a9ebe380f2e6a3078aaaaaabffd3ec60bc0d783cbbaa02eb","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-35-6-409","next":"us-tn/tenn.-code-ann.-35-6-411"},"notice":"GroundRules: Original legal text. Not legal advice."}