In several Western countries there is a Federal system in place (US, AU) of States and a National government making laws.
In the worst of circumstances, one of those two levels of government may need to seize assets of a corporation. To me, it makes sense that the word 'nationalise' applies to the Federal half of the government (since the whole country is the nation).
But that leaves a gap.
My question is: What is the equivalent word for Nationalisation when it is a State seizing the assets?