2015 ORS 129.360¹
UPIA 410. Liquidating asset

(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 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 term does not include a payment subject to ORS 129.355 (UPIA 409. Deferred compensation, annuities and similar payments), resources subject to ORS 129.365 (UPIA 411. Minerals, water and other natural resources), timber subject to ORS 129.370 (UPIA 412. Timber), an activity subject to ORS 129.380 (UPIA 414. Derivatives and options), an asset subject to ORS 129.385 (UPIA 415. Asset-backed securities) or any asset for which the trustee establishes a reserve for depreciation under ORS 129.410 (UPIA 503. Transfers from income to principal for depreciation).

(2) A trustee shall allocate to income 10 percent of the receipts from a liquidating asset and the balance to principal. [2003 c.279 §19]

1 Legislative Counsel Committee, CHAPTER 129—Uniform Principal and Income Act, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors129.­html (2015) (last ac­cessed Jul. 16, 2016).
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.