Source : Webster's Revised Unabridged Dictionary (1913)

Usufructuary \U`su*fruc"tu*a*ry\, n. [L. usufructuarius.] (Law)
   A person who has the use of property and reaps the profits of
   it. --Wharton.

Usufructuary \U`su*fruc"tu*a*ry\, a. (Law)
   Of or pertaining to a usufruct; having the nature of a
   usufruct.

         The ordinary graces bequeathed by Christ to his church,
         as the usufructuary property of all its members.
                                                  --Coleridge.

Source : WordNet®

usufructuary
     adj : of or relating to the nature of a usufruct
     n : someone who holds property by usufruct