Statute · California Harbors and Navigation Code
Cal. Harb. & Nav. Code § 458 — Bottomry
Cal. Harb. & Nav. Code § 458
- Type
- Statute
- Source
- California Harbors and Navigation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Harb. & Nav. Code § 458 — Bottomry is in force in the current edition of the Code, and nothing recorded condemns it.
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.