La. Civ. Code art. 615
This is the official text of La. Civ. Code art. 615, 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.
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Change of the form of property
Official statutory text
When property subject to usufruct changes form without an act of the usufructuary, the usufruct does not terminate even though the property may no longer serve the use for which it was originally destined.
When property subject to usufruct is converted into money or other property without an act of the usufructuary, as in a case of expropriation of an immovable or liquidation of a corporation, the usufruct terminates as to the property converted and attaches to the money or other property received by the usufructuary.
Acts 1976, No. 103, §1; Acts 2010, No. 881, §1, eff. July 2, 2010.
When property subject to usufruct is converted into money or other property without an act of the usufructuary, as in a case of expropriation of an immovable or liquidation of a corporation, the usufruct terminates as to the property converted and attaches to the money or other property received by the usufructuary.
Acts 1976, No. 103, §1; Acts 2010, No. 881, §1, eff. July 2, 2010.
Status: in_force · Read it on the official government site
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