Section 11: Where a secured creditor does not either realise or surrender his security,
consolidated text (as at 2000). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
11. Where a secured creditor does not either realise or surrender his security,
he shall, before ranking for dividend, state in his proof the particulars of his security, the date when it was given, and the value at which he assesses it, and shall
be entitled to receive a dividend only in respect of the balance due to him after
deducting the value so assessed.