The parents, as regards the property of a child in which they possess the usufruct or administration, have the same obligations as any other usufructuary or administrator, as well as the special obligations on legal mortgage established in the Mortgage Law.
An inventory shall be made, with the intervention of the prosecuting attorney, of the property of children of which the parents have only the administration; and, on petition of the said public attorney, the Court of First Instance may decree that the securities belonging to the child be placed in deposit.
History —Civil Code, 1930, § 158.