Title 46, Chapter 9, Section 136
(a) A carrier of passengers may limit the value of the baggage which
may be taken on board in proportion to the fare paid.
(b) A carrier of passengers shall be responsible for the value of
lost baggage, regardless of whether an extra charge was demanded or
paid for carriage of the baggage, provided that a carrier of
passengers shall be responsible only for baggage placed in his
custody; provided, further, that the liability of the carrier shall
extend only to such articles as a traveler for business or pleasure
would carry for his own use.
(c) A passenger shall not have the right to receive a reduction in
fare by assuming custody of his own baggage.