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Si une ou plusieurs parts sont grevées d’usufruit, le droit de vote appartient au nu-propriéta

English translation: If one or several shares are encumbered with usufruct, voting rights shall be exercised by the bare

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:Si une ou plusieurs parts sont grevées d’usufruit, le droit de vote appartient au nu-propriéta
English translation:If one or several shares are encumbered with usufruct, voting rights shall be exercised by the bare
Entered by: Annie Robberecht, C. Tr.
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14:19 Jan 11, 2001
French to English translations [Non-PRO]
Bus/Financial
French term or phrase: Si une ou plusieurs parts sont grevées d’usufruit, le droit de vote appartient au nu-propriéta
part of the by-laws of a non-trading company
Lucien
If one or several shares are encumbered with usufruct, voting rights shall be exercised by the bare
Explanation:
If one or several shares are encumbered* with usufruct,voting rights shall be exercised by the bare owner.

*OR burdened with

Selected response from:

Annie Robberecht, C. Tr.
Local time: 13:17
Grading comment
Thanks VERY much
4 KudoZ points were awarded for this answer

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Summary of answers provided
naIf one or several shares are encumbered with usufruct, voting rights shall be exercised by the bareAnnie Robberecht, C. Tr.
naIf one or more of the shares in encumbered with usufruct, the voting right belongs to the bare ownerKenn Lambing


  

Answers


2 hrs
If one or more of the shares in encumbered with usufruct, the voting right belongs to the bare owner


Explanation:
"Si une ou plusieurs parts sont grevées d’usufruit, le droit de vote appartient au nu-propriéta (nu proprietaire)"--I think there are some typos here.
Usufructory rights are the right to vote with a share and to get the dividends from it. This right can be temporarily transfered by the shareholder to another person (shareholder or not). The person who gave the usufruct to another is the "bare owner". This statute seems to say that voting right remains with the "bare owner" even if the right to collect dividends from the share has been transfered.
I hope this helps.


Kenn Lambing

Peer comments on this answer (and responses from the answerer)
Louise Atfield
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6 hrs
If one or several shares are encumbered with usufruct, voting rights shall be exercised by the bare


Explanation:
If one or several shares are encumbered* with usufruct,voting rights shall be exercised by the bare owner.

*OR burdened with



Annie Robberecht, C. Tr.
Local time: 13:17
Native speaker of: Native in FrenchFrench
PRO pts in pair: 187
Grading comment
Thanks VERY much
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