Unless it is otherwise expressly agreed, a bottomry loan becomes due immediately upon the termination of the risk, although a term of credit is specified in the contract.
Cal. Harb. & Nav. Code § 459
Bottomry
Enacted by Stats. 1937, Ch. 368.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.