(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 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.(b) This section does not apply to a receipt subject to § 28-77-401, § 28-77-409, § 28-77-411, § 28-77-412, § 28-77-414, § 28-77-415, § 28-77-416, or § 28-77-503.(c) A fiduciary shall allocate: (1) to income: (A) a receipt produced by a liquidating asset, to the extent the receipt does not exceed five percent of the value of the asset; or(B) if the fiduciary cannot determine the value of the asset, 10 percent of the receipt; and(2) to principal, the balance of the receipt.Added by Act 2021, No. 1088,§ 2, eff. 1/1/2022.