California · Harbors and Navigation Code - HNC
HNC §457: A stipulation in a contract of bottomry, imposing any liability for the loan independent of the maritime risks, is void.
What this law says, in plain English
Contract terms in a bottomry loan that create liability separate from maritime risks are invalid and unenforceable.
Read the full statutory text
A stipulation in a contract of bottomry, imposing any liability for the loan independent of the maritime risks, is void.
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