Allocation of receipts from liquidating assets to income and principal.
Nev. Rev. Stat. § 164.870
in effect1. As used 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 during a period of more than 1 year 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 NRS 164.865 , resources subject to NRS 164.875 , timber subject to NRS 164.880 , an activity subject to NRS 164.890 , an asset subject to NRS 164.895 , or any asset for which the trustee establishes a reserve for depreciation under NRS 164.910 .
2. A trustee shall allocate to income 10 percent of the receipts from a liquidating asset and the balance to principal.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-164.htmlFetched: 10/4/2026