{"code":"HNC","codeName":"Harbors and Navigation Code","section":"455","citation":"Harb. & Nav. Code, § 455","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>Upon a contract of bottomry, the parties may lawfully stipulate for a rate of interest higher than that allowed by the law upon other contracts. But a competent court may reduce the rate stipulated when it appears unjustifiable and exorbitant.</p>","text":"Upon a contract of bottomry, the parties may lawfully stipulate for a rate of interest higher than that allowed by the law upon other contracts. But a competent court may reduce the rate stipulated when it appears unjustifiable and exorbitant.","otherVersions":[],"url":"https://blackletter.si/harbors-and-navigation-code/bottomry-455","source":"California Legislative Information bulk export (pubinfo)"}