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Companies Act 1985
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Changes over time for: Section 193
Version Superseded: 06/04/2008
Alternative versions:
- 01/02/1991- Amendment
- 11/01/2005
Point in time - 06/04/2008- Amendment
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193 Perpetual debentures.E+W+S
A condition contained in debentures, or in a deed for securing debentures, is not invalid by reason only that the debentures are thereby 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.
This applies to debentures whenever issued, and to deeds whenever executed.
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