# Companies (Consolidation) Act 1908, Section 103: Perpetual debentures.


A condition contained in any debentures or in any deed for securing any debentures, whether issued or executed before or after the passing of this Act, shall not be invalid by reason only that thereby the debentures are made irredeemable or redeemable only on the happening of a contingency, however remote, or on the expiration of a period, however long, any rule of equity to the contrary notwithstanding.

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Source: https://www.legislation.gov.uk/ukpga/Edw7/8/69/section/103 (the official version)
Page: https://openlegislation.uk/companies-consolidation-act-1908/section-103
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.