Conversion
A mutual may convert itself to a non-mutual through the process of demutualization. This process became increasingly common in the 1980s as a result of "Thatcherite" policies and ideology. In the United States, conversion may be full, to a public company, or, in many states, partial, to a mutual holding company.
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Famous quotes containing the word conversion:
“The conversion of a savage to Christianity is the conversion of Christianity to savagery.”
—George Bernard Shaw (18561950)