Usufruct - Law Dictionary Search Results
Home Dictionary Name: usufructusufruct
usufruct [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 in the crops of the estate] ;esp in the civil law of Louisiana : a personal servitude of limited duration that confers the right of use and full enjoyment of another's property and its fruits NOTE: Under the civil law of Louisiana, one having a usufruct in land must deliver it to the owner with its basic substance undiminished at the end of the term; one having a usufruct in consumables acquires ownership of them, but must return their value or things of the same quantity or quality at the end of the usufruct. ...
Usufruct
Usufruct, the right of reaping the fruits (fructus) of things belonging to others, without destroying or wasting the subject over which such right extends, Ibid.A right to use another's property for a time without damaging or destroying it, although the property might naturally deteriorate over time, Black's Law Dictionary, 7th Edn., p. 1542....
usufructuary
usufructuary pl: -ar·ies : one who has a usufruct in property [the right of usufruct expires upon the death of the "Louisiana Civil Code"] compare naked owner at owner adj : of, relating to, or having the character of a usufruct [a right] ...
owner
owner : one with an interest in and often dominion over property: as a : legal owner in this entry b : one with the right to exclusive use, control, or possession of property c : a purchaser under a contract for the sale of real property see also equitable owner in this entry beneficial owner 1 : one holding a beneficial interest in a trust compare beneficial interest at interest 2 : one enjoying the benefit of property of which another is the legal owner [was the beneficial owner of property held by the parent corporation] 3 : one who has or shares the power to control the voting or investment of stock [was considered the beneficial owner of stock held by her minor children] equitable owner : one (as a beneficiary of a trust) who is considered to have rights or obligations of an owner regardless of legal title on the ground of equity [do not have legal title but, upon execution of the contract, they became equitable owners and have power to sue to protect their land "Desse...
Shebaitship
Shebaitship, property dedicated to an idol vests in it in an ideal sense only; ex necessitas, the possession and management has to be entrusted to some human agent. Such an agent of the idol is known as shebait in Northern India. The legal character of a shebait cannot be defined with precision and exactitude. Broadly described, he is the human ministrant and custodian of the idol, its earthly spokesman, its authorised representative entitled to deal with all its temporal affairs and to manage its property. As regards the administration of the debutter, his position is analogous to that of a trustee; yet, he is not precisely in the position of a trustee in the English sense, because under Hindu Law, property absolutely dedicated to an idol, vests in the idol, and not in the shebait. Although the debutter never vests in the shebait, yet, peculiarly enough, almost in every case, the shebait has a right to a part of the usufruct, the mode of enjoyment; and the amount of the usufruct depen...
enjoyment
enjoyment : personal benefit, use, or possession (as of rights or property) [widows and widowers were relegated to lifetime of the marital estates "W. M. McGovern, Jr. et al."] ;specif : the receipt of the fruits or profits of property see also right of use, usufruct ...
indivision
indivision in the civil law of Louisiana : a state of undivided wholeness : state of being owned by two or more co-owners each having an undivided interest in the property as a whole [an estate held in ] [they receive this usufruct in "Louisiana Civil Code"] see also ownership in indivision at ownership ...
real right
real right in the civil law of Louisiana : a right that is attached to a thing rather than a person [the right of ownership…may be burdened with a real right in favor of another person as allowed by law "Louisiana Civil Code"] NOTE: A real right is not restricted to real property since it can also be attached to movable property. Real rights include ownership, use, pledge, usufruct, mortgage, and predial servitude. ...
servitude
servitude 1 : a condition in which an individual lacks liberty esp. to determine his or her course of action or way of life ;specif : the state of being a slave [involuntary ] see also Amendment XIII and Amendment XV to the Constitution in the back matter 2 : a right by which property owned by one person is subject to a specified use or enjoyment of another used chiefly in the civil law of Louisiana see also dominant estate and servient estate at estate compare easement apparent servitude : a predial servitude whose existence is perceivable by exterior signs or works (as an aqueduct or road) on the property legal servitude : a predial servitude that is created by a limitation under the law on the use of the property natural servitude : a predial servitude that arises from the situation of the estates (as from one being situated downhill from another) personal servitude : a servitude that burdens property in favor of a specific named person see also right of use, usufruct pre...
universal
universal 1 in the civil law of Louisiana a : encompassing or burdening all of one's property esp. causa mortis [granted him a usufruct] see also universal legacy at legacy compare universal title at title b : of or relating to a universal conveyance or a conveyance under a universal title [a donee] see also universal successor 2 : not confined by limitations or exceptions : general in application uni·ver·sal·ly adv ...
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