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disincorporate

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dis·in·cor·po·rate  (dsn-kôrp-rt)
tr. & intr.v. dis·in·cor·po·rat·ed, dis·in·cor·po·rat·ing, dis·in·cor·po·rates
To remove or become removed from the status of a corporation.

disin·corpo·ration n.


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Instead, we see Ashcroft signing the papers to disincorporate the city of Times Beach, victim of a notorious dioxin scare; urging tourists to avoid his state lest they interfere with an ongoing FBI manhunt for neo-Nazis; petulantly refusing for a time to return a commemorative silver dinner set to its rightful owner, the U.
Indignity followed calamity last September when a Sacramento County grand jury recommended that Isleton disincorporate itself and let the county govern it because the city could not manage its affairs.
 
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