Section 8:
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.
8. (1) For the purpose of voting, a secured creditor shall, unless he surrenders
his security, 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 vote only in
respect of the balance (if any) due to him, after deducting the value of his security.
(2) Where he votes in respect of his whole debt, he shall be deemed to
have surrendered his security, unless the Court on application is satisfied that the
omission to value the security has arisen from inadvertence.