Cap. 16 · Civil Code (Cap. 16)
Cap. 16 Art. 761When annuities or other burdens in favour of more persons successively are permitted.
Sub-title I
(1) Any perpetual or limited burden by reason of which the whole usufruct of the inheritance or of the legacy, or a portion of such usufruct, or any other annuity, is to be given to two or more persons successively, shall be considered as if it had not been written.
(2) Nevertheless, it is not forbidden to impose the payment of an annuity, whether in perpetuity or for a limited time, for the purpose of creating a sacred patrimony, or of being employed for the relief of the poor, or in reward for virtue or merit, or for any other purpose of public utility, even though the disposition be in favour of persons belonging to a certain class or to certain families.
(3) Sub-article (1) shall not apply to dispositions in favour of persons called to benefit under a trust or a foundation.
§ VII. OF TESTAMENTARY EXECUTORS
Amendment history
- Amended by XIII.2007.5