Cal. Harb. and Nav. Code § 459

Current through the 2023 Legislative Session.
Section 459 - Bottomry loan due upon termination of risk

Unless it is otherwise expressly agreed, a bottomry loan becomes due immediately upon the termination of the risk, although a term of credit is specified in the contract.

Ca. Harb. and Nav. Code § 459

Enacted by Stats. 1937, Ch. 368.