Coventry Building Society

EDM number 282 in 1998-99, proposed by Andy King on 04/02/1999.

That this House calls on the Government to tighten legislation to make it impossible for unscrupulous carpetbaggers to destroy such worthy institutions as Coventry Building Society; notes that the sole purpose of the building society is to assist its members; fully supports the efforts of Coventry Building Society to retain its mutual status and continue to offer its excellent services to its 700,000 savings account holders and 110,000 borrowers; and calls for the number of members required to force a vote in building societies' AGMs to be increased to 1000, instead of the present 50, which leaves them open to unscrupulous people interested only in short-term profit.

This motion has been signed by a total of 54 MPs.