Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 87

Perpetual debentures

87. A condition contained in any debentures or in any deed for securing any debentures, whether issued or executed before or after the appointed date, 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 the period, however long.


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