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Usufruct
(redirected from Usufructuary Right)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
Usufruct 

in ancient Rome, the right held by one person to use property belonging to another and to enjoy the benefits and profits derived therefrom, without, however, changing the substance of such property. Usufruct was a type of personal servitude established for the use of an individual, either for life or for a designated period, without the right of alienation or transfer through inheritance. Widely practiced during the Middle Ages, usufruct became common in bourgeois law, as in France; it was usually regarded as an independent real right.



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Part II analyzes how China's 2007 Real Right Law gives legal protection to usufructuary rights in water permits and encourages the sustainable use of water, and the investment therein, that is fundamental to continued economic development.
172, 188 (1999) (noting the Seventh Circuit's holding that the Chippewa retained their usufructuary rights was consistent with the decision in Lac Courte Orielles).
 
 
 
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