# The Insolvency Rules (Northern Ireland) 1991, Rule 4.105: Realisation of security by creditor


If a creditor who has valued his security subsequently realises it (whether or not at the instance of the liquidator)—
(a) the net amount realised shall be substituted for the value previously put by the creditor on the security, and
(b) that amount shall be treated in all respects as an amended valuation made by him.
[E.R.4.99]

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Source: https://www.legislation.gov.uk/nisr/1991/364/rule/4.105 (the official version)
Page: https://openlegislation.uk/insolvency-rules-northern-ireland-1991/rule-4.105
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.