California Harbors and Navigation Code

§ 429

HNC § 429Div. 3 · Ch. 1 · Art. 2

Statute text

The proportions in which a general average loss is to be borne shall be ascertained by an adjustment, in which the owner of each separate interest shall be charged with that proportion of the value of the thing lost which the value of his part of the property affected bears to the value of the whole. But an adjustment made at the end of the voyage, if valid there, is valid everywhere.

Legislative history

Enacted by Stats. 1937, Ch. 368.