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Rule 61: Effect of voting by a secured creditor · Complied AI

Chapter 37
Rule 61

Rule 61Chapter 37

Effect of voting by a secured creditor

Effect of voting by a secured creditor.- If a secured creditor votes in respect of his whole debt he shall be deemed to have surrendered his security, unless the Tribunal, on an application by such creditor, is satisfied that the omission to value the security was due to inadvertence.

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