Gets or sets a value indicating whether type conversion and formatting is applied to the control property data.
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Setting this property to true also enables error-handling behavior and causes the Binding.BindingComplete event to be raised. The handler of this event can take the appropriate action, based on the success, error, or exceptions in the binding process, by examining the BindingCompleteEventArgs.BindingCompleteState property of the System.Windows.Forms.BindingCompleteEventArgs parameter.