458. 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.(Enacted by Stats. 1937, Ch. 368.)
California Legal Code
§ 458
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=HNC&division=3.&title=&part=&chapter=2.&article=1.· Version 2026