District Of Columbia § 28-4804.10 - Liquidating asset.
Full text of District Of Columbia D.C. Code § 28-4804.10 — Liquidating asset., with citation guidance and answers to common questions.
§ 28-4804.10. Liquidating asset.
28-4804.10For the purposes of this section, the term “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 “liquidating asset” 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 “liquidating asset” does not include a payment subject to , resources subject to , timber subject to , an activity subject to , an asset subject to , or any asset for which the trustee establishes a reserve for depreciation under .
A trustee shall allocate to income 10 percent of the receipts from a liquidating asset and the balance to principal.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 28-4804.10
What does D.C. Code § 28-4804.10 cover?
Section 28-4804.10 ("Liquidating asset.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 28-4804.10?
A common citation format is "D.C. Code § 28-4804.10" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 28-4804.10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.