(1) If a bearer instrument, or an instrument made out to order that is furnished with a blank endorsement, is the subject of usufruct, the usufructuary and the owner jointly are entitled to possession of the instrument and of the renewal coupon relating to the instrument. The usufructuary is entitled to possession of the interest coupons, annuity coupons or dividend coupons relating to the instrument.
(2) To create the usufruct, the granting of co-possession is sufficient in place of the delivery of the instrument.