PART 4Protected Cell Companies
CHAPTER 11Debentures (debt securities)
Perpetual debentures150.
A condition contained in debentures, or in a deed for securing debentures, is not invalid by reason only that the debentures are made redeemable only—
(a)
on the happening of a contingency (however remote); or
(b)
on the expiration of a period (however long),
any rule of equity notwithstanding.