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Verb: demutualize  dee'myoo-choo-u,lIz
  1. Change from being a mutual society (usually a building society) to something else, esp. a bank
    "The building society decided to demutualize and become a public limited company";
    - demutualise [Brit]

Derived forms: demutualizing, demutualizes, demutualized

Encyclopedia: Demutualize