{"code":"HNC","codeName":"Harbors and Navigation Code","section":"450","citation":"Harb. & Nav. Code, § 450","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 3. VESSELS [399. - 786.]","url":"https://blackletter.si/harbors-and-navigation-code/division-3"},{"name":"CHAPTER 2. Civil Actions and Liens [450. - 509.]","url":"https://blackletter.si/harbors-and-navigation-code/division-3/chapter-2"},{"name":"ARTICLE 1. Bottomry [450. - 462.]","url":"https://blackletter.si/harbors-and-navigation-code/division-3/chapter-2/article-1"}],"history":"Enacted by Stats. 1937, Ch. 368.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/harbors-and-navigation-code/bottomry-450","source":"California Legislative Information bulk export (pubinfo)"}