California Harbors and Navigation Code 453 – The master of a vessel can hypothecate it upon bottomry only when he …
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The master of a vessel can hypothecate it upon bottomry only when he can not otherwise relieve the necessities of the vessel, and is unable to reach adequate funds of the owner, or to obtain any funds upon the personal credit of the owner, and when previous communication with the owner is precluded by the urgent necessity of the case.
(Enacted by Stats. 1937, Ch. 368.)
Terms Used In California Harbors and Navigation Code 453
- Vessel: includes ships of all kinds, steamboats, steamships, canal boats, barges, sailing vessels, and every structure adapted to be navigated from place to place for the transportation of merchandise or persons. See California Harbors and Navigation Code 21