A trustee shall allocate to income 10 per cent of the receipts from a liquidating asset and the balance to principal.
Mass. Gen. Laws ch. 203D, § 19
Liquidating asset
Known as the The Massachusetts Principal and Income Act
The act spans §§ 203–203 (30 sections).
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.