section 2237
The usufruct of amounts invested on interest, public issues or shares
The Portuguese Civil Code, 1867The usufructuary of capitals invested on interest or any other return or in public issues or shares of companies may not withdraw the investment except for the purpose of reinvesting the same. § 1 -The usufructuary may reinvest the capitals enjoyed by him in the following circumstances: 1. If the capitals have been given for a term or for specified business which has been concluded, or which cannot continue for non-fulfillment of the necessary conditions; 2. If the capitals are under the risk of being lost. § 2 - In either of these cases, the usufructuary shall not withdraw the same without the prior consent of the owner. In case of opposition, the consent may be made good judicially but the withdrawal in such case shall not be made without furnishing security in advance, if there is no sufficient security already. § 3 - The right established in the two preceding paragraphs shall revert to the owner when the usufructuary does not want to use the same. § 4 - The usufructuary may retain if he so desires the capitals withdrawn for enjoying the same as he may deem fit after furnishing necessary security. § 5 - In case the usufructuary does not desire to retain the capitals, the owner may have the same after furnishing security without prejudice to the usufructuary, but, if he does not want the same, they shall be put to gain whether on loan with security or on public issues or in shares of well established companies.
Study data processing for this section.
PDF: pending for this language.