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Earlier editions: 2020-112018-11

DIVISION 3. VESSELS 399-786›CHAPTER 2. Civil Actions and Liens 450-509›ARTICLE 1. Bottomry 450-462

§ 458

California Harbors and Navigation Code · 2026 edition · updated 2026-10-04 · California

If there is a total loss of the thing hypothecated, from a risk to which the loan was subject, the lender upon bottomry can recover nothing; if a partial loss, he can recover only to the extent of the net value to the owner of the part saved.

(Enacted by Stats. 1937, Ch. 368.)

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California Harbors and Navigation Code

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