Section 13: Where a secured creditor does not either realise or surrender his security, he
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
13. Where a secured creditor does not either realise or surrender his security, he
shall in accordance with paragraph 12, 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.