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2025 California Code
Harbors and Navigation Code - HNC
DIVISION 3 - VESSELS
CHAPTER 2 - Civil Actions and Liens
ARTICLE 1 - Bottomry
Section 450.
Universal Citation:
CA Harb & Nav Code § 450 (2025)
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This media-neutral citation is based
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450. Bottomry is a contract by which a vessel or its freightage is hypothecated as security for a loan, which is to be repaid only if the vessel survives a particular risk, voyage, or period.
(Enacted by Stats. 1937, Ch. 368.)
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