In the law of trusts the term "doctrine of merger" refers to the fusing of legal and equitable title in the event the same person becomes both the sole trustee and the sole beneficiary of a trust. In such a case, the trust is sometimes deemed to have terminated (with the result that the beneficiary owns the trust property outright).
Famous quotes containing the word doctrine:
“The great word Evolution had not yet, in 1860, made a new religion of history, but the old religion had preached the same doctrine for a thousand years without finding in the entire history of Rome anything but flat contradiction.”
—Henry Brooks Adams (1838–1918)