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Not later than 3 months after the end of its fiscal 12 months, the compensation fund company must prepare a report on the particular compensation fund and all inclinations produced from it during that previous fiscal year. An act of the compensation fund company or the board of directors of the compensation fund corporation is not invalid due to a defect that’s afterwards discovered within the appointment of a number of administrators. The persevering with directors of the compensation fund company may act even when there is a …