Cap. 16 ст. 380Duration of usufruct granted to body-corporate,

(1) The duration of a usufruct constituted in favour of a body-corporate, cannot exceed thirty years; and if the usufruct is granted without any limitation of time, or for a time exceeding thirty years, its duration shall be limited to thirty years.

(2) When a right of usufruct is settled under trusts in favour of a trustee, including a corporate trustee, or is endowed to a private foundation for the benefit of beneficiaries who are natural persons, for the purposes of this article, the usufruct shall be considered as being constituted in favour of the beneficiaries who are named and who have a right to enjoy the property and, unless expressly stated otherwise, shall operate for the lifetime of such beneficiaries.