Section 739(1)

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),

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