Editing Mutual organization (section)

== Conversion ==
'''Mutualization''' or '''mutualisation''' is the process by which a [[joint stock company]] changes legal form to a mutual organization or a [[cooperative]], so that the majority of the stock is [[Employee ownership|owned by employees]] or customers, thereafter known as members.<ref>[http://www.thefreedictionary.com/mutualization]. Dictionary.com</ref> 

'''[[Demutualization]]''' or '''demutualisation''' is the reverse process, whereby a mutual may convert itself to a joint-stock company. In the United States, this process became increasingly common in the 1980s as a result of deregulation. Conversion may be full, to a [[public company]], or in many states, partial, to a mutual [[holding company]].