Harbors and Navigation Code section 456

A lender upon a contract of bottomry, made by the master of a vessel, as such, may enforce the contract, though the circumstances necessary to authorize the master to hypothecate the vessel did not in fact exist, if, after due diligence and inquiry, the lender had reasonable grounds to believe, and did in good faith believe, in the existence of such circumstances.

Source: Section 456, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=HNC§ionNum=456.­ (updated Jan. 1, 1937; accessed Jul. 28, 2025).

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Verified:
Jul. 28, 2025

§ 456's source at ca​.gov