Text of the provision
Art. 570. Whenever a usufruct is constituted on the right to receive a rent or periodical pension, whether in money or in fruits, or in the interest on bonds or securities payable to bearer, each payment due shall be considered as the proceeds or fruits of such right. Whenever 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 character. In either case they shall be distributed as civil fruits, and shall be applied in the manner prescribed in the preceding article.
(475)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
Where the usufruct is on the right to receive a rent, periodical pension, or the interest on bonds or securities, each payment due is considered as fruits of that right.
Related provisions
- Article 569 — Civil Fruits Accrue Daily.
- Article 571 — Right to Accessions and Servitudes.
Cases interpreting this article
- Authorities on this article will be added here as each is verified against primary sources.