§ 8150. Liquidating asset. (a) Allocation.--A trustee shall allocate to income 10% of the receipts from a liquidating asset and the balance to principal. (b) Definition.--As used in this section, the term "liquidating asset" means an asset the value of which 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 during a period of more than one year under an arrangement which does not provide for the payment of interest on the unpaid balance. The term does not include any of the following: (1) A payment subject to section 8149 (relating to retirement benefits, individual retirement accounts, deferred compensation, annuities and similar payments). (2) Resources subject to section 8151 (relating to minerals, water and other natural resources). (3) Timber subject to section 8152 (relating to timber). (4) An activity subject to section 8154 (relating to derivatives and options). (5) An asset subject to section 8155 (relating to asset- backed securities). (6) An asset for which the trustee establishes a reserve for depreciation under section 8163 (relating to discretionary allocation of disbursements). Cross References. Section 8150 is referred to in sections 8144, 8146, 8148, 8149 of this title.

§ 8150. Liquidating asset. (a) Allocation.--A trustee shall allocate to income 10% of the receipts from a liquidating asset and the balance to principal. (b) Definition.--As used in this section, the term "liquidating asset" means an asset the value of which 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 during a period of more than one year under an arrangement which does not provide for the payment of interest on the unpaid balance. The term does not include any of the following: (1) A payment subject to section 8149 (relating to retirement benefits, individual retirement accounts, deferred compensation, annuities and similar payments). (2) Resources subject to section 8151 (relating to minerals, water and other natural resources). (3) Timber subject to section 8152 (relating to timber). (4) An activity subject to section 8154 (relating to derivatives and options). (5) An asset subject to section 8155 (relating to asset- backed securities). (6) An asset for which the trustee establishes a reserve for depreciation under section 8163 (relating to discretionary allocation of disbursements). Cross References. Section 8150 is referred to in sections 8144, 8146, 8148, 8149 of this title.