Section 14-7419 - Liquidating assets; definitionA. A trustee shall allocate to income ten per cent of the receipts from a liquidating asset and the balance to principal.B. For the purposes of this section, "liquidating asset": 1. Means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a period of limited duration.2. 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.3. Does not include: (a) A payment subject to section 14-7418.(b) Resources subject to section 14-7420.(c) Timber subject to section 14-7421.(d) An activity subject to section 14-7423.(e) An asset subject to section 14-7424.(f) Any asset for which the trustee establishes a reserve for depreciation under section 14-7427.