{"data":{"id":"us-wy/wyo.-stat.-2-3-820","jurisdiction":"us-wy","citation":"Wyo. Stat. § 2-3-820","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 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. The term does not include a payment subject to W.S. 2-3-819, resources subject to W.S. 2-3-821, timber subject to W.S. 2-3-822, an activity subject to W.S. 2-3-824, an asset subject to W.S. 2-3-825 or any asset for which the trustee establishes a reserve for depreciation under W.S. 2-3-828.\n(b) A trustee shall allocate to income ten percent (10%) of the receipts from a liquidating asset and the balance to principal.","path":["TITLE 2 - WILLS, DECEDENTS' ESTATES AND PROBATE CODE","CHAPTER 3 - FIDUCIARIES","ARTICLE 8 - PRINCIPAL AND INCOME"],"source_url":"https://wyoleg.gov/statutes/compress/title02.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:31Z","sha256":"4e9085c19811cbbe8390541070f0ebd8f8af6fe08a58a08bacb4fd2bb2a25daf","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-2-3-819","next":"us-wy/wyo.-stat.-2-3-821"},"notice":"GroundRules: Original legal text. Not legal advice."}