Page 219 - Important Provisions of The New Civil Code

EFFECT OF DONATIONS AND LIMITATIONS

THEREON

Article 750. The donations may comprehend all

the present property of the donor, or part

thereof, provided he reserves, in full ownership

or in usufruct, sufficient means for the support

of himself, and of all relatives who, at the time

of the acceptance of the donation, are by law

entitled to be supported by the donor. Without

such reservation, the donation shall be reduced

in petition of any person affected. (634a)

Article 751. Donations cannot comprehend

future property.

By future property is understood anything

which the donor cannot dispose of at the time

of the donation. (635)