ยง 8014. Failure to give notice. If the reorganizing insurer complies
substantially and in good faith with the requirements of this article
with respect to the giving of any required notice to policyholders, its
failure in any case to give such notice to any person or persons
entitled thereto shall not impair the validity of the actions and
proceedings taken under this article or entitle such person to any
injunctive or other equitable relief with respect thereto, but this
section shall not impair any claim for damages such person or persons
would otherwise have due to such failure.
Structure New York Laws
Article 80 - Mutual Holding Company
8004 - Adoption of Plan; Submission of Plan to the Superintendent.
8005 - Amendment or Withdrawal of Plan.
8007 - Approval of Plan by Superintendent; Hearing.
8008 - Approval of Plan by Policyholders.
8009 - Filing a Plan; Effective Date of Reorganization.
8010 - Effect of Reorganization.
8012 - Directors and Officers.
8013 - Notice of Proposed Reorganization.
8014 - Failure to Give Notice.
8015 - Limitations of Actions; Security.
8016 - Prohibited Transactions by Officers, Directors and Employees.
8017 - Requirements Applicable to a Mutual Holding Company.
8018 - Other Requirements Applicable to a Stock Holding Company and a Mutual Holding Company.
8019 - Conversion of Mutual Holding Company.
8020 - Transfers of Subsidiaries.
8021 - Limitations on Accumulation of Surplus of Mutual Holding Companies.