Art. 552. Corporate distributions.
A cash dividend declared during the existence of the usufruct belongs to the usufructuary. A liquidation dividend or a stock redemption payment belongs to the naked owner subject to the usufruct.
Stock dividends and stock splits declared during the existence of the usufruct belong to the naked owner subject to the usufruct.
A stock warrant and a subscription right declared during the existence of the usufruct belong to the naked owner free of the usufruct.
Acts 1976, No. 103, §1.