legal usufruct

legal usufruct
/liygsl yuwzafrakt/ Usufructs established by operation of law are legal usufructs, Hartford Accident & Indemnity Co. v. Abdalla, 203 La. 999, 14 So.2d 815; e.g., the usufruct collated for surviving spouse in necessitous circumstances.
See also usufruct

Black's law dictionary. . 1990.

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  • legal usufruct — /liygsl yuwzafrakt/ Usufructs established by operation of law are legal usufructs, Hartford Accident & Indemnity Co. v. Abdalla, 203 La. 999, 14 So.2d 815; e.g., the usufruct collated for surviving spouse in necessitous circumstances. See also… …   Black's law dictionary

  • 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

  • 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

  • usufruct — usu·fruct / yü zə ˌfrəkt, sə / n [Latin ususfructus from usus et fructus, literally, use and enjoyment]: the right to the use and enjoyment of another s property and its profits a usufruct in the crops of the estate; esp in the civil law of… …   Law dictionary

  • usufruct — u‧su‧fruct [ˈjuːzjuːfrʌkt] noun [uncountable] LAW the legal right to use a person s property in whatever way you like during your life, on condition that you return it to its owner in a reasonable condition: • usufruct rights over agricultural… …   Financial and business terms

  • 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 — A legal term describing a situation wherein a person or company has a temporary right to use and derive income from someone else s property (provided that it isn t damaged). Usufruct is recognized only in a few jurisdictions in North America …   Investment dictionary

  • legal right — noun a right based in law • Hypernyms: ↑right • Hyponyms: ↑compulsory process, ↑conjugal right, ↑conjugal visitation right, ↑conjugal visitation, ↑preemption, ↑pr …   Useful english dictionary

  • usufruct — noun Etymology: Latin ususfructus, from usus et fructus use and enjoyment Date: circa 1630 1. the legal right of using and enjoying the fruits or profits of something belonging to another 2. the right to use or enjoy something …   New Collegiate Dictionary

  • usufruct — noun /ˈjuːz(j)uːfɹʌkt/ 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 …   Wiktionary

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