Usufruct and Deposit Codal by Table
Usufruct and Deposit Codal by Table
Usufruct and Deposit Codal by Table
TITLE VI
USUFRUCT TITLE XII
CHAPTER 1 DEPOSIT
Usufruct in General
Article 562. Usufruct gives a right to enjoy the property of another
with the obligation of preserving its form and substance, unless
CHAPTER 1
the title constituting it or the law otherwise provides. (467)
Deposit in General and its Different Kinds
Article 563. Usufruct is constituted by law, by the will of private
persons expressed in acts inter vivos or in a last will and
testament, and by prescription. (468) Article 1962. A deposit is constituted from the moment a
Article 564. Usufruct may be constituted on the whole or a part of person receives a thing belonging to another, with the
the fruits of the thing, in favor of one more persons, obligation of safely keeping it and of returning the same. If
simultaneously or successively, and in every case from or to a the safekeeping of the thing delivered is not the principal
certain day, purely or conditionally. It may also be constituted on a purpose of the contract, there is no deposit but some other
right, provided it is not strictly personal or intransmissible. (469) contract. (1758a)
Article 565. The rights and obligations of the usufructuary shall be
those provided in the title constituting the usufruct; in default of
such title, or in case it is deficient, the provisions contained in the Article 1963. An agreement to constitute a deposit is
two following Chapters shall be observed. (470) binding, but the deposit itself is not perfected until the
CHAPTER 2 delivery of the thing. (n)
Rights of the Usufructuary
Article 566. The usufructuary shall be entitled to all the natural, Article 1964. A deposit may be constituted judicially or
industrial and civil fruits of the property in usufruct. With respect to extrajudicially. (1759)
hidden treasure which may be found on the land or tenement, he
shall be considered a stranger. (471)
Article 1965. A deposit is a gratuitous contract, except
Article 567. Natural or industrial fruits growing at the time the
usufruct begins, belong to the usufructuary. when there is an agreement to the contrary, or unless the
Those growing at the time the usufruct terminates, belong to the depositary is engaged in the business of storing goods.
owner. (1760a)
In the preceding cases, the usufructuary, at the beginning of the
usufruct, has no obligation to refund to the owner any expenses Article 1966. Only movable things may be the object of a
incurred; but the owner shall be obliged to reimburse at the deposit. (1761)
termination of the usufruct, from the proceeds of the growing
fruits, the ordinary expenses of cultivation, for seed, and other
Article 1967. An extrajudicial deposit is either voluntary or
similar expenses incurred by the usufructuary.
The provisions of this article shall not prejudice the rights of third necessary. (1762)
persons, acquired either at the beginning or at the termination of
the usufruct. (472) CHAPTER 2
Article 568. If the usufructuary has leased the lands or tenements Voluntary Deposit
given in usufruct, and the usufruct should expire before the
termination of the lease, he or his heirs and successors shall SECTION 1
receive only the proportionate share of the rent that must be paid
General Provisions
by the lessee. (473)
Article 569. Civil fruits are deemed to accrue daily, and belong to
the usufructuary in proportion to the time the usufruct may last. Article 1968. A voluntary deposit is that wherein the
(474). delivery is made by the will of the depositor. A deposit may
Article 570. Whenever a usufruct is constituted on the right to also be made by two or more persons each of whom
receive a rent or periodical pension, whether in money or in fruits, believes himself entitled to the thing deposited with a third
or in the interest on bonds or securities payable to bearer, each person, who shall deliver it in a proper case to the one to
payment due shall be considered as the proceeds or fruits of such whom it belongs. (1763)
right.
CHAPTER 4
Sequestration or Judicial Deposit