Every prized subscriber shall, if he has not offered to deduct the amount of all future subscriptions from the ¹[net chit amount] due to him, furnish, and a foreman shall take, sufficient security for the due payment of all future subscriptions and, if the foreman is a prized subscriber, he shall give security for the due payment of all the future subscriptions to the satisfaction of the Registrar.

1. Subs. by Act 41 of 2019, s. 3, for “prize amount” (w.e.f. 1-1-2020).