450. Bottomry is a contract by which a vessel or its freightage is hypothecated as security for a loan, which is to be repaid only if the vessel survives a particular risk, voyage, or period.(Enacted by Stats. 1937, Ch. 368.)
California Legal Code
§ 450
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=HNC&division=3.&title=&part=&chapter=2.&article=1.· Version 2026