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Cal. Harbors and Navigation Code § 455

Cal. Harbors and Navigation Code § 455

California · California Harbors and Navigation Code · Status: effective

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Cal. Harbors and Navigation Code § 455, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/855285
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Upon a contract of bottomry, the parties may lawfully stipulate for a rate of interest higher than that allowed by the law upon other contracts. But a competent court may reduce the rate stipulated when it appears unjustifiable and exorbitant.