P.R. Laws tit. 31, § 1515
2019-02-20 00:00:00+00
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.
When 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.
In either case, they shall be distributed as civil fruits and they shall be applied in the manner prescribed in the preceding section.
History —Civil Code, 1930, § 404.