divest

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di|vest /daɪv'est, AM dɪ-/ (divests divesting divested)
1 [VERB] V pron-refl of n
If you divest yourself of something that you own or are responsible for, you get rid of it or stop being responsible for it. (FORMAL)
The company divested itself of its oil interests.
= rid
2 [VERB] be V-ed of n, V n of n
If something or someone is divested of a particular quality, they lose that quality or it is taken away from them. (FORMAL)
...in the 1960s, when sexual love had been divested of sin...
They have divested rituals of their original meaning...
= strip

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