Harbors and Navigation Code section 458

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.

Source: Section 458, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HNC§ionNum=458. (updated Jan. 1, 1937; accessed Oct. 20, 2025).

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Verified:
Oct. 20, 2025

§ 458's source at ca.gov

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Location: https://california.public.law/codes/harbors_and_navigation_code_section_458

Original Source: Section 458, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HNC§ionNum=458. (last accessed May 12, 2025).