Cal. Harb. and Nav. Code § 456
Current through the 2023 Legislative Session.
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.
Ca. Harb. and Nav. Code § 456