The Collaborative International Dictionary of English v.0.48:

Disband \Dis*band"\ (?; see Dis-), v. t. [imp. & p. p.
   Disbanded; p. pr. & vb. n. Disbanding.] [Pref. dis- +
   band: cf. OF. desbander, F. d['e]bander, to unbind, unbend.
   See Band, and cf. Disbend, Disbind.]
   1. To loose the bands of; to set free; to disunite; to
      scatter; to disperse; to break up the organization of;
      especially, to dismiss from military service; as, to
      disband an army.
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            They disbanded themselves and returned, every man to
            his own dwelling.                     --Knolles.
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   2. To divorce. [Obs.]
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            And therefore . . . she ought to be disbanded.
                                                  --Milton.
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