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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order increases the requisite number of members of a building society as defined in paragraph 31(2)(a) of Schedule 2 to the Building Societies Act 1986 who may propose a resolution at an annual general meeting. Where a society’s commercial assets exceed £100 million, the requisite number of members is five hundred and in any other case it is one hundred.