California Harbors and Navigation Code

§ 458

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

HNC § 458Div. 3 · Ch. 2 · Art. 1

Statute text

View on leginfo.ca.gov

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.

Legislative history

Enacted by Stats. 1937, Ch. 368.