Liquidating asset

(a) In 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 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 § 55-13A-409 , resources subject to § 55-13A-411 , timber subject to § 55-13A-412 , an activity subject to § 55-13A-414 , an asset subject to § 55-13A-415 , or any asset for which the trustee establishes a reserve for depreciation under §