La. Civ. Code art. 552
This is the official text of La. Civ. Code art. 552, part of Louisiana’s Civil Code — louisiana's civil law tradition codifies persons, property, obligations, and family relations here rather than in a separate statutory code.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Corporate distributions.
Official statutory text
A cash dividend declared during the existence of the usufruct belongs to the usufructuary. A liquidation dividend or a stock redemption payment belongs to the naked owner subject to the usufruct.
Stock dividends and stock splits declared during the existence of the usufruct belong to the naked owner subject to the usufruct.
A stock warrant and a subscription right declared during the existence of the usufruct belong to the naked owner free of the usufruct.
Acts 1976, No. 103, ยง1.
Stock dividends and stock splits declared during the existence of the usufruct belong to the naked owner subject to the usufruct.
A stock warrant and a subscription right declared during the existence of the usufruct belong to the naked owner free of the usufruct.
Acts 1976, No. 103, ยง1.
Status: in_force · Read it on the official government site
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