Section 739

A condition contained in debentures, or in a deed for securing debentures, is not invalid by reason only that the debentures are made— any rule of equity to the contrary notwithstanding. irredeemable, or redeemable only— on the happening of a contingency (however remote), or on the expiration of a period (however long), Subsection (1) applies to debentures whenever issued and to deeds whenever executed.

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Source: legislation.gov.uk · retrieved 2026-09-04