Ten percent of receipts from liquidating asset allocated to income, ...
Mo. Rev. Stat. § 469.439
in effect469.439. Ten percent of receipts from liquidating asset allocated to income, remainder to principal. — 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.
(L. 2001 H.B. 241)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://revisor.mo.gov/main/OneSection.aspx?section=469.439Fetched: 10/17/2026