Cal. HNC § 458
This is the official text of Cal. HNC § 458, part of California’s Harbors and Navigation Code — regulates ports, harbors, and boating.
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Official statutory text
If there is a total loss of the thing hypothecated, from a risk to which the loan was subject, the lender upon bottomry can recover nothing; if a partial loss, he can recover only to the extent of the net value to the owner of the part saved.
Status: in_force · Read it on the official government site
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