Sec. 829.105. SUBSTANTIAL COMPLIANCE WITH NOTICE REQUIREMENTS. If the converting exchange in good faith substantially complies with the notice requirements of this chapter, the converting exchange's failure to send a member the required notice does not impair the validity of an action taken under this chapter. Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056), Sec. 1, eff. June 15, 2007.
Substantial Compliance With Notice Requirements
Tex. Insurance Code § 829.105, under Conversion of Reciprocal Or Interinsurance Exchange To Stock Company Through Creation of A Mutual Holding Company.
Tex. Insurance Code § 829.105