CTHRepealedAct
Bankruptcy Act 1924
Right of creditor on current bill to votRight of creditor on current bill to vote.
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### Right of creditor on current bill to vote.
(e) A creditor shall not vote in respect of any debt on or secured by a current bill of exchange or promissory note held by him, unless he is willing—
(i) to treat the liability to him thereon of every person, not being a bankrupt, who is liable thereon antecedently to the debtor, as security in his hands, and
(ii) for the purposes of voting, but not for the purposes of dividend, to deduct its estimated value from his proof,
in which case he shall, on application by any person interested, give up that security for the benefit of the creditors upon payment of its estimated value;