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:
“Methodological individualism is the doctrine that psychological states are individuated with respect to their causal powers.”
—Jerry Alan Fodor (b. 1935)