disincorporate

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dis·in·cor·po·rate

 (dĭs′ĭn-kôr′pə-rāt′)
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: After the city was disincorporated, it was reabsorbed into the township. The county legislators allowed the small city to disincorporate.

dis′in·cor′po·ra′tion n.

disincorporate

(ˌdɪsɪnˈkɔːpəˌreɪt)
vb (tr)
obsolete to remove from a corporation or society
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References in periodicals archive ?
353) Assume, for example, that state legislators responded to fiscal instability in a municipality in the following manner: forty percent of the legislators desired no tampering with the municipality's governance structure; forty percent desired requiring the municipality to move to a strong mayor model; and twenty percent favored disincorporating the city and merging it with the county surrounding it.
concurring) ("Since [Everson], not one Member of this Court has proposed disincorporating the [Establishment] Clause.
For example, the 'mandatory' requirement of at least majority shareholder voting on significant corporate transactions can be avoided by disincorporating into a limited partnership.
Indeed, disincorporating the Establishment Clause is quite plausible as a matter of text and history.
Instead, I will explore the consequences that might follow from taking Justice Thomas's views on disincorporating the Establishment Clause seriously.
Between then and Lee, no member of the Supreme Court had proposed disincorporating it.
Second, if the Supreme Court recognizes its error, as it should, it will begin disincorporating some of the improper due process requirements.
Although it seems unlikely that any court would take the drastic step of disincorporating a state, it remains unclear what the exact effect of the invalidation of these admission act clauses would be.