# Companies Act 2006, Section 739: Perpetual debentures


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

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/739 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-739
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.