In 2001 there was this clause in the rules:
Receiving players may not go out-of-bounds to make a play on the disc
But that rule does not explicitly say you can’t go OB and then come back in.
When the rules were reformatted in 2006, no similar clause was included.
So there has not been a recent removal of any rule like that, to my knowledge.
But you should still not do it in an un-spirited way.
Hope that helps.