UserControl actually has OnTextChanged event

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[Browsable(true), EditorBrowsable(EditorBrowsableState.Always)]
new public event EventHandler TextChanged
{
add {base.TextChanged += value;}
remove {base.TextChanged -= value;}
}

and

private void txtbox1_TextChanged(object sender, EventArgs e)
{base.OnTextChanged(e);}

Actually gives a textbox based usercontrol a TextChanged event at design time, much nicer than other methods i've used previously.