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el nudo propietario

English translation: >> see below <<

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03:49 Aug 17, 2000
Spanish to English translations [PRO]
Law/Patents
Spanish term or phrase: el nudo propietario
The Naked Shareholder ???? ;-)

"En caso de usufructo de acciones, la cualidad de socio reside en el nudo propietario."


I would really appreciate a complete rendition of this sentence into understandable English :-)

Cheers:

Berni
Berni Armstrong
Local time: 09:14
English translation:>> see below <<
Explanation:
The major clue here lies in the meaning of "usufructo" ("usufruct"), which refers to the right of enjoyment or right to use the property (not limited to real-estate) of another person or party, and to "take the fruits" of the property without altering its substance. According to C&H (see cite below), usufruct is usually temporary, and may be gratuitous or for consideration. -- Black's concurs: it's a "real right of limited duration on the property of another."

WIth that in mind, your sentence unravels itself (but not to the point of nudity!): "In the event of usufruct of the shares, partnership status remains with the owner [of the shares]."

Keen, inn'it?
Selected response from:

Heathcliff
United States
Local time: 00:14
Grading comment
Thanks... The extra explanation of "usufruct" gets you the points. So the old esquimo lending his wife tale... if it was ever more than a colonial explorer's fantasy... would be a clear case of "usufruct" then ;-)

What an inherently UGLY word, though...

Thanks again:

Berni


4 KudoZ points were awarded for this answer

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Summary of answers provided
na>> see below <<Heathcliff
nathe shareholder himself; by himself.
Luis Luis


  

Answers


1 hr
the shareholder himself; by himself.


Explanation:
"...the quality of membership resides entirely upon the shareholder himself."


Regards,

Luis M. Luis

Luis Luis
United States
Local time: 02:14
Native speaker of: Native in PortuguesePortuguese
PRO pts in pair: 171

Peer comments on this answer (and responses from the answerer)
Heathcliff
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6 hrs
>> see below <<


Explanation:
The major clue here lies in the meaning of "usufructo" ("usufruct"), which refers to the right of enjoyment or right to use the property (not limited to real-estate) of another person or party, and to "take the fruits" of the property without altering its substance. According to C&H (see cite below), usufruct is usually temporary, and may be gratuitous or for consideration. -- Black's concurs: it's a "real right of limited duration on the property of another."

WIth that in mind, your sentence unravels itself (but not to the point of nudity!): "In the event of usufruct of the shares, partnership status remains with the owner [of the shares]."

Keen, inn'it?


    Cabanellas & Hoague, _Diccionario Juridico ES>IN_ (Butterworth,1991)
    _Black's Law Dictionary_ (6th ed., 1991)
Heathcliff
United States
Local time: 00:14
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 843
Grading comment
Thanks... The extra explanation of "usufruct" gets you the points. So the old esquimo lending his wife tale... if it was ever more than a colonial explorer's fantasy... would be a clear case of "usufruct" then ;-)

What an inherently UGLY word, though...

Thanks again:

Berni

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