Colo. Rev. Stat. § 15-1.2-410

Liquidating asset - definition

Colorado · Colorado Revised Statutes Title 15 — Probate, Trusts, and Fiduciaries · Status: effective

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Citation: Colo. Rev. Stat. § 15-1.2-410, Liquidating asset - definition, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2293598
Permanent ID: ys:prov:2293598@1
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(1) In this section, "liquidating asset" means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a limited time. The term 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. (2) This section does not apply to a receipt subject to section 15-1.2-401, 15-1.2-409, 15-1.2-411, 15-1.2-412, 15-1.2-414, 15-1.2-415, 15-1.2-416, or 15-1.2-503. (3) A fiduciary shall allocate: (a) To income: (I) A receipt produced by a liquidating asset, to the extent the receipt does not exceed four percent of the value of the asset; or (II) If the fiduciary cannot determine the value of the asset, ten percent of the receipt; and (b) To principal, the balance of the receipt.