Section 15: Where a creditor after having valued his security subsequently realises it, or
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.
15. Where a creditor after having valued his security subsequently realises it, or
where it is realised under rule 12, the net amount realised shall be substituted for
the amount of any valuation previously made by the creditor, and shall be treated
in all respect as an amended valuation made by the creditor.