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In 1539 Crowland Abbey was dissolved and its land, including that on which Buckingham College stood, were forfeit to the Crown.

In 1542, Thomas, Lord Audley, the Lord Chancellor, asked the King (Henry VIII) to found a new College on the site. Audley would name it, issue its Statutes and endow it. Letters Patent were issued by Henry on 3 April 1542.

The original Letters Patent issued to the College and the corresponding privy seal warrant retained by the Crown have both been lost and, because the grant was never entered onto the Patent Roll, no contemporary copy of the grant survives. The text does survive in numerous copies including in the 'Old Book'. There is also a later copy [MCBG/1/1].

Lord Audley never in his lifetime referred to himself as the 'founder' of Magdalene. His widow, Lady Elizabeth Audley, referred to herself as 'fundatrix' of the College in the original Statutes of 1555. From that time on Audley's heirs have claimed their ancestor to be the founder and principal benefactor of Magdalene.

Statutes are the regulations governing University business and the management of Colleges.

The College's 'foundation charter' of 1542 laid down that Lord Audley and his heirs should write the statutes to cover the governance of the College. Lord Audley died in 1544 and as nothing had been achieved he wrote in his will that his executors should draw up the statutes. His executors were Lady Elizabeth Audley, Edward Lord North, Sir Thomas Pope, Thomas Barber, and Edmund Martyn and they delivered the statutes on 10 February 1555.

In 1565 the foundation statutes were corrected and additions made. This was done on the original statutes rather than on a separate clean document. They were sent to the Master and Fellows by the then Visitor, Thomas Howard, 4th Duke of Norfolk on 24 January 1565.

The 1565 Latin statutes were not superseded until a new set was written in 1860. Since then there have been revisions in 1882, 1926, 1957 and 1997.

Prior to 1781 the Registers contained a record of more or less everything in College, including Governing Body decisions.

In 1781, on being appointed Master, Dr Peckard decided that better record keeping was needed and began the Order Book to record decisions. Until 1971 it was used for Governing Body 'Orders', that is instructions for immediate action.

In 1911 a separate Minute Book was established for discussions etc. probably at the suggestion of A. C. Benson.

From 1911 the entries in the Order Book (the instructions to College Officers and staff for immediate implementation) were written in the book as the meeting proceeded, by the Junior Fellow, the Bursar usually whispering in his ear what to record. This was then read over at the end of the meeting for checking, all Fellows present signing finally in order of seniority. After the meeting the next most Junior Fellow then wrote the Minutes in the Minute Book, taking his time and consulting the Master as necessary.

The last hand written entry in the Order Book was written by Dr Ronald Hyam [B/443, 18 Oct 1962].

The last hand written entry in the Minute Book was written by David Roberts (the actual next most junior, Peter Grubb, was absent).

From then on records were typed in the College Office, for pasting into the two books. On 1 Nov 1962, the formal decision was made that in future the Bursar would keep the Minutes. Typed Orders continued to be pasted in the Order Book until 1971. Since then the Order Book has been used to record the most formal business such as the admittance of Fellows, Honorary Fellows, Masters, and Scholars. Signatures were usually required.