California § 458 - If there is a total loss of the thing hypothecated, from a risk to which the loan
Full text of California Public Contract Code - PCC § 458 — If there is a total loss of the thing hypothecated, from a risk to which the loan, with citation guidance and answers to common questions.
§ 458. If there is a total loss of the thing hypothecated, from a risk to which the loan
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.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 458
What does Public Contract Code - PCC § 458 cover?
Section 458 ("If there is a total loss of the thing hypothecated, from a risk to which the loan") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 458?
A common citation format is "Public Contract Code - PCC § 458" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 458 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.