verb (used with object), de·mu·tu·al·ized, de·mu·tu·al·iz·ing.
to convert (a mutual life-insurance company) to a stockholder-owned corporation.
Also especially British, de·mu·tu·al·ise.
Origin of demutualize
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
to convert (a mutual society, such as a building society) to a public limited company or (of such a society) to be converted
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012