Disassociate ElasticIP from one instance and use for the other

Question

Is it possible to disassociate an Elastic IP address from an instance and use the same for another instance?

Answer 1

You can disassociate an Elastic IP address from a resource, and reassociate it with a different resource. Any open connections to an instance continue to work for a time even after you disassociate its Elastic IP address and reassociate it with another instance. We recommend that you reopen these connections using the reassociated Elastic IP address.