{"data":{"id":"us-ut/utah-code-75a-5-410","jurisdiction":"us-ut","citation":"Utah Code § 75A-5-410","heading":"Receipts normally apportioned -- Liquidating asset.","body":"(1) As used in this section:\n(a) \"Liquidating asset\" means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a limited time.\n(b) \"Liquidating asset\" includes a leasehold, patent, copyright, royalty right, and right to receive payments during a period of more than one year under an arrangement that does not provide for the payment of interest on the unpaid balance.\n(2) This section does not apply to a receipt subject to Section 75A-5-401, 75A-5-409, 75A-5-411, 75A-5-412, 75A-5-414, 75A-5-415, 75A-5-416, or 75A-5-503.\n(3) A fiduciary shall allocate:\n(a) to income:\n(i) a receipt produced by a liquidating asset, to the extent the receipt does not exceed 3% of the value of the asset; or\n(ii) if the fiduciary cannot determine the value of the asset, 10% of the receipt; and\n(b) to principal, the balance of the receipt.","path":["Title 75A Fiduciaries","Chapter 75A-5 Uniform Fiduciary Income and Principal Act","Part 75A-5-4 Allocation of Receipts"],"source_url":"https://le.utah.gov/xcode/Title75A/Chapter5/75A-5-S410.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"8d8c6ff76b0bd46782222e9f4d6d6692535f27c13e66cbd8085049e2cf5933a0","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-75a-5-409","next":"us-ut/utah-code-75a-5-411"},"notice":"GroundRules: Original legal text. Not legal advice."}