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Current as of January 01, 2023 | Updated by Findlaw Staff
A. Security is dispensed with when any of the following occur:
(1) A person has a legal usufruct under Article 223 or 3252.
(2) A surviving spouse has a legal usufruct under Article 890 unless the naked owner is not a child of the usufructuary or if the naked owner is a child of the usufructuary and is also a forced heir of the decedent, the naked owner may obtain security but only to the extent of his legitime.
(3) A parent has a legal usufruct under Article 891 unless the naked owner is not a child of the usufructuary.
(4) A surviving spouse has a legal usufruct under Article 2434 unless the naked owner is a child of the decedent but not a child of the usufructuary.
B. A seller or donor of property under reservation of usufruct is not required to give security.
Cite this article: FindLaw.com - Louisiana Civil Code Tit. III, Art. 573. Dispensation of security - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-iii-art-573/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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