Missouri Revised Statutes Title XXXI. Trusts and Estates of Decedents and Persons Under Disability § 469.439. 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.