Arkansas § 28-77-410 Liquidating asset

Arkansas Statutes

§ 28-77-410 — Liquidating asset

Arkansas § 28-77-410

Title28

This text of Arkansas § 28-77-410 (Liquidating asset) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 28-77-410 (2026).

Text

(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 ass

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(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.