Montana § 72-34-442 Receipts From Liquidating Assets -- Allocation

Montana Statutes

§ 72-34-442 — Receipts From Liquidating Assets -- Allocation

Montana § 72-34-442

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 34PRINCIPAL AND INCOME

Part 4Montana Uniform Principal and Income Act

This text of Montana § 72-34-442 (Receipts From Liquidating Assets -- Allocation) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 72-34-442 (2026).

Text

72-34-442 . Receipts from liquidating assets -- allocation.

(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 period of limited duration. The term includes a leasehold, patent, copyright, royalty right, and right to receive payments under an arrangement that does not provide for the payment of interest on the unpaid balance. The term does not include a payment subject to 72-34-441 , natural resources subject to 72-34-443 , timber subject to 72-34-444 , a derivative or option subject to 72-34-446 , an asset subject to 72-34-447 , or any asset for which the trustee establishes a reserve for depreciation under 72-34-450 .

(2)A trustee shall allocate to income 85% from a liquidating asset and

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72-34-442 . Receipts from liquidating assets -- allocation. (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 period of limited duration. The term includes a leasehold, patent, copyright, royalty right, and right to receive payments under an arrangement that does not provide for the payment of interest on the unpaid balance. The term does not include a payment subject to 72-34-441 , natural resources subject to 72-34-443 , timber subject to 72-34-444 , a derivative or option subject to 72-34-446 , an asset subject to 72-34-447 , or any asset for which the trustee establishes a reserve for depreciation under 72-34-450 .
(2) A trustee shall allocate to income 85% from a liquidating asset and the balance to principal.