Missouri § 469.439 Ten percent of receipts from liquidating asset allocated to income, remainder to principal.

Missouri Statutes

§ 469.439 — Ten percent of receipts from liquidating asset allocated to income, remainder to principal.

Missouri § 469.439

Title XXXITRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Ch. 469Disclaimers of Property

This text of Missouri § 469.439 (Ten percent of receipts from liquidating asset allocated to income, remainder to principal.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 469.439 (2026).

Text

1.As used in this section, the phrase "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 phrase 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. The phrase does not include a payment subject to section 469.437 , resources subject to section 469.441 , timber subject to section 469.443 , an activity subject to section 469.447 , an asset subject to section 469.449 , or any asset for which the trustee establishes a reserve for depreciation pursuant to section 469.455 .

2.A trustee shall allocate to income ten pe

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1. As used in this section, the phrase "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 phrase 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. The phrase does not include a payment subject to section 469.437 , resources subject to section 469.441 , timber subject to section 469.443 , an activity subject to section 469.447 , an asset subject to section 469.449 , or any asset for which the trustee establishes a reserve for depreciation pursuant to section 469.455 .

2. A trustee shall allocate to income ten percent of the receipts from a liquidating asset and the balance to principal.