# The Building Societies (Nominations for Directors' Election) Order 1999, Note: Explanatory note


(This note is not part of the Order)
This Order amends section 61(1) of the Building Societies Act 1986 by making a fivefold increase in the minimum number of members whom a building society may require under its rules to nominate a person for election as a director. The minimum number is on a scale between 50 and 250 depending on the size of the society.

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Source: https://www.legislation.gov.uk/uksi/1999/3032/note (the official version)
Page: https://openlegislation.uk/building-societies-nominations-for-directors-election-order-1999/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.