Section 16: Where a creditor after having valued his security subsequently realises it,
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.
16. Where a creditor after having valued his security subsequently realises it,
where it is realised under paragraph 11 the net amount realised shall be substituted for the amount of any valuation previously made by the creditor and shall
be treated in all respects as an amended valuation made by the creditor.