# The Building Societies (Members' Resolutions) Order 1999, Note: Explanatory note


(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.

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Source: https://www.legislation.gov.uk/uksi/1999/3033/note (the official version)
Page: https://openlegislation.uk/building-societies-members-resolutions-order-1999/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.