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The Energy Administration Rules 2005

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Changes over time for: Section 51

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Secured creditorsE+W

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51.—(1) If a secured creditor realises his security, he may prove for the balance of his debt, after deducting the amount realised.

(2) If a secured creditor voluntarily surrenders his security for the general benefit of creditors, he may prove for his whole debt, as if it were unsecured.

Commencement Information

I1Rule 51 in force at 1.10.2005, see rule 1

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