Hong Kong Ordinances

COMPANIES ORDINANCE - SECT 76

Perpetual debentures

A condition contained in any debentures or in any deed for securing any
debentures, whether issued or executed before or after the commencement of
this Ordinance shall not be 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. [cf. 1929 c. 23 s. 74
U.K.]