If the mutual company complies substantially and in good faith with the notice requirements of this subchapter, the mutual company’s failure to give any member or members any required notice does not impair the validity of any action taken under this subchapter.
(Sept. 20, 1996, D.C. Law 11-159, § 7, 43 DCR 3714.)
1981 Ed., § 35-3726.
See notes to § 35-3721.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Subchapter II - Mutual Holding Companies
§ 31–731. Formation of a mutual holding company
§ 31–732. Merger of policyholder membership interests
§ 31–733. Incorporation of holding company; amendment of articles of incorporation
§ 31–734. Insurers rehabilitation and liquidation
§ 31–735. Applicability; membership interest; powers
§ 31–736. Failure to give notice
§ 31–737. Limitations of actions