In Louisiana, the person who holds title to property subject to a usufruct but cannot currently use or enjoy it is best described as the:
Correct Answer
C) Naked owner
Under Louisiana Civil Code Article 478, the naked owner holds title to property that is burdened by a usufruct. The naked owner retains ownership but is temporarily divested of the rights to use and enjoy the property, which belong to the usufructuary. Once the usufruct terminates, full ownership consolidates in the naked owner.
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Related Topics & Key Terms
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Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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