Cal. Harb. and Nav. Code § 461

Current through the 2023 Legislative Session.
Section 461 - Preference of bottomry lien

A bottomry lien, if created out of a real or apparent necessity, in good faith, is preferred to every other lien or claim upon the same thing, excepting only a lien for seamen's wages, a subsequent lien of material-men for supplies or repairs indispensable to the safety of the vessel, and a subsequent lien for salvage.

Ca. Harb. and Nav. Code § 461

Enacted by Stats. 1937, Ch. 368.