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1515 — Puerto Rico Law | CourtGPT
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  4. Title Thirty-one - Civil Code (§§ 1 — 5305)/
  5. Subtitle 2 - Property Ownership and Its Modifications/
  6. Part VI/
  7. Chapter 175/
  8. Subchapter II/
  9. 1515
Puerto Rico Legal Code

1515

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When usufruct is established on the right to collect a rent or periodical allowance, whether in money or in fruits, or in interest on obligations or certificates payable to the bearer, each payment due shall be considered as proceeds or fruits of the said right.\nWhen it consists in the enjoyment of benefits accruing from a participation in any industrial or commercial enterprise, the date of the distribution of which is not fixed, such benefits shall have the same consideration.\nIn either case, they shall be distributed as civil fruits and they shall be applied in the manner prescribed in the preceding section.\nHistory —Civil Code, 1930, § 404.