ARTICLE 2. Respondentia [470. - 474.]

Article 2 enacted by Stats. 1937, Ch. 368.

§§ 470–474 · 5 sections

• § 470 Respondentia is a contract by which all or part of a cargo is hypothecated as security for a loan, the repayment of which is dependent on maritime risks.
• § 471 The owner of cargo may hypothecate it upon respondentia, at any time and place, and for any purpose.
• § 472 The master of a vessel may hypothecate its cargo upon respondentia only if all of the following conditions exist: (a) He would be authorized to hypothecate the…
• § 473 The owner of a vessel is bound to repay to the owner of its cargo all which the latter is compelled to pay in order to discharge a lien under a contract of…
• § 474 The provisions of sections 455 to 462 of this code apply equally to loans on respondentia.