The Building Societies (Guernsey and Alderney) Order 1988
This Order empowers building societies with commercial assets of at least £100 million to make advances on the security of land in Guernsey and Alderney, and provides for the classification of those advances within the asset classification provisions of the Building Societies Act 1986. By virtue of article 5 of this Order, the power to make such an advance does not require adoption by a special resolution of a society in order to be exercisable by it.