Massachusetts General Laws
Chapter 203d - Principal and Income
Section 19 - Liquidating Asset

Section 19. A trustee shall allocate to income 10 per cent of the receipts from a liquidating asset and the balance to principal.

Structure Massachusetts General Laws

Massachusetts General Laws

Part II - Real and Personal Property and Domestic Relations

Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts

Chapter 203d - Principal and Income

Section 1 - Short Title

Section 2 - Definitions

Section 3 - Fiduciary Duties; General Principles

Section 4 - Trustee's Power to Adjust

Section 5 - Judicial Control of Discretionary Powers

Section 6 - Determination and Distribution of Net Income

Section 7 - Distribution to Residuary and Remainder Beneficiaries

Section 8 - When Right to Income Begins and Ends

Section 8a - Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins

Section 9 - Apportionment When Income Interest Ends

Section 10 - Character of Receipts

Section 11 - Distribution From Trust or Estate

Section 12 - Business and Other Activities Conducted by Trustee

Section 13 - Principal Receipts

Section 14 - Rental Property

Section 15 - Obligation to Pay Money

Section 16 - Insurance Policies and Similar Contracts

Section 17 - Insubstantial Allocations Not Required

Section 18 - Deferred Compensation, Annuities and Similar Payments

Section 19 - Liquidating Asset

Section 20 - Minerals, Water, and Other Natural Resources

Section 21 - Timber

Section 22 - Property Not Productive of Income

Section 23 - Derivatives and Options

Section 24 - Asset-Backed Securities

Section 25 - Disbursements From Income

Section 26 - Disbursements From Principal

Section 27 - Transfers From Income to Principal for Depreciation

Section 28 - Transfers From Income to Reimburse Principal

Section 29 - Income Taxes