Meaning of demutualize

de•mu•tu•al•ize

Pronunciation: (dē-my'ch-u-līz"), [key]
— -ized, -iz•ing.
  1. to convert (a mutual life-insurance company) to a stockholder-owned corporation.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.