Usufruct, Usufructuary

Usufruct, Usufructuary
"Legal Lexicon":
USUFRUCT - The right of enjoying a thing, the property of which is vested in another, and to draw from the same all the profit, utility and advantage which it may produce, provided it be without altering the substance of the thing.
The obligation of not altering the substance of the thing, however, takes place only in the case of a complete usufruct.
Usufructs are of two kinds; perfect and imperfect. Perfect usufruct, which is of things which the usufructuary can enjoy without altering their substance, though their substance may be diminished or deteriorated naturally by time or by the use to which they are applied; as a house, a piece of land, animals, furniture and other movable effects. Imperfect or quasi usufruct, which is of things which would be useless to the usufructuary if be did not consume and expend them, or change the substance of them, as money, grain, liquors.
USUFRUCTUARY - One who has the right and enjoyment of an usufruct.
The duties of the usufructuary are, 1. To make an inventory of the things subject to the usu-fruct, in the presence of those having an interest in them. 2. To give secur-ity for their restitution; when the usufruct shall be at an end. 3. To take good care of the things subject to the usufruct. 4. To pay all taxes, and claims which arise while the thing is in his possession, as a ground-rent. 5. To keep the thing in repair at his own expense.
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English-Chinese law dictionary (法律英汉双解大词典). 2013.

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  • Usufruct — is the legal right to use and derive profit or benefit from property that belongs to another person, as long as the property is not damaged. In many legal usufruct systems of property, such as the traditional ejido system in Mexico, individuals… …   Wikipedia

  • usufructuary — usu·fruc·tu·ary 1 /ˌyü zə frək chə ˌwer ē, sə / n pl ar·ies: one who has a usufruct in property the right of usufruct expires upon the death of the usufructuary Louisiana Civil Code compare naked owner at owner usu …   Law dictionary

  • Usufructuary — U su*fruc tu*a*ry, a. (Law) Of or pertaining to a usufruct; having the nature of a usufruct. [1913 Webster] The ordinary graces bequeathed by Christ to his church, as the usufructuary property of all its members. Coleridge. [1913 Webster] …   The Collaborative International Dictionary of English

  • usufructuary — [yo͞o΄zyoo fruk′cho͞o er΄ē, yo͞osyoofruk′cho͞o er΄ē] n. pl. usufructuaries [LL usufructuarius] a person or agent having the usufruct of property adj. of, or having the nature of, a usufruct …   English World dictionary

  • usufruct — (n.) right to the use and profits of the property of another without damaging it, 1610s (implied in usufructuary), from L.L. usufructus, in full usus et fructus use and enjoyment, from L. usus a use (see USE (Cf. use) (n.)) + fructus enjoyment,… …   Etymology dictionary

  • usufruct — /yooh zoo frukt , soo , yoohz yoo , yoohs /, n. Roman and Civil Law. the right of enjoying all the advantages derivable from the use of something that belongs to another, as far as is compatible with the substance of the thing not being destroyed …   Universalium

  • usufruct — /yuwz(y)afrakt/ In the civil law, a real right of limited duration on the property of another. The features of the right vary with the nature of the things subject to it as consumables or nonconsumables. Civ. Code La. art. 535. The right of using …   Black's law dictionary

  • usufructuary — I noun someone who holds property by usufruct • Hypernyms: ↑user II adjective of or relating to the nature of a usufruct • Pertains to noun: ↑usufruct • Derivationally related forms: ↑ …   Useful english dictionary

  • usufructuary — /yooh zoo fruk chooh er ee, soo , yoohz yoo , yoohs /, adj., n., pl. usufructuaries. Roman and Civil Law. adj. 1. of, pertaining to, or of the nature of usufruct. n. 2. a person who has a usufruct property. [1610 20; < LL usufructuarius, equiv.… …   Universalium

  • usufructuary — /juzjuˈfrʌktʃuəri/ (say yoohzyooh frukchoohuhree), /jusju / (say yoohsyooh ) adjective 1. of, relating to, or of the nature of a usufruct. –noun (plural usufructuaries) 2. a person who has a usufruct property. {Late Latin ūsūfructuārius, from… …  

  • usufructuary — I. noun Date: circa 1618 1. one having the usufruct of property 2. one having the use or enjoyment of something II. adjective Date: 1710 of, relating to, or having the character of a usufruct …   New Collegiate Dictionary

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