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Combining things into one body.

The term commingling is most often applied to funds or assets. When a fiduciary, a person entrusted with the management of funds other than his or her own in trust, mixes trust money with that of others, the fiduciary is commingling funds and thereby breaching his or her fiduciary duty.

A member of a corporation's board of directors commingles funds when he or she mixes personal funds with the funds of the corporation. An attorney who commingles his or her money with money belonging to a client is violating the ethics of the legal profession.


n. the act of mixing the funds belonging to one party with those of another party, or, most importantly with funds held in trust for a another. Spouses or business partners may commingle without a problem, except that a spouse may thus risk turning separate property into community property (transmutation), and a business partner may have to account to the other. However, trustees, guardians, or lawyers holding client funds, must be careful not to commingle those funds with his/her own, since commingling is generally prohibited as a conflict of interest. Use of commingled funds for an investment, even though it benefits both the trustee and the beneficiary, is still improper. Inadvertent commingling or temporary commingling (say, upon receipt of a settlement check in which both the client and attorney have an interest) require prompt separation of funds and accounting to the client or beneficiary. To avoid commingling, trustees, lawyers, guardians and those responsible for another's funds set up trust accounts for funds of another.

References in periodicals archive ?
plants, complemented by our two commingling super centers in Wisconsin and New Jersey.
The Club endorses and welcomes Foxwoods participating in the commingling arrangement.
I'd heard about the commingling, but (the HUD violation) is new to me.
In this regard he adapts his aesthetic of mourning vis-a-vis the AIDS epidemic to the terrible aftermath of the attacks; and in his commingling of bodies he also suggests a persistence of love as well as of ruins, of Eros as well as of Thanatos.
Sanipac stresses the convenience of no longer having to sort recyclables, and calls less attention to the fact that commingling also reduces collection costs.
The commingling aspect of presorting also may make more attractive economics.
became the first retailer to be slapped with a $500 fine for violating state law that prohibits commingling of organic and conventional produce.
In this study, initial commingling was accomplished by means of a Killion 31.
However, if the tenant files for bankruptcy and the landlord has commingled the funds in violation of Section 7-103 of the GOL, such commingling transforms the landlord from a protected or "secured" creditor to an unsecured creditor of the tenant, and in such case, courts have granted the assignee or trustee the right to recover such funds from the landlord, In re Spinelli, 36 Bkcy.
Realities: Commingling of Rents and Returns," Physician Executive
Multimillion-dollar investment in commingling and related mailing optimization technologies drives greater speed and postal savings for direct customers
paid $2,500 for allegedly commingling recyclables and waste collected in March from Ambridge in Beaver County.