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This entry was published on 2014-12-26
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SECTION 7-105
Reissuance in Alternative Medium
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 1
Section 7--105. Reissuance in Alternative Medium.

(a) Upon request of a person entitled under an electronic document of
title, the issuer of the electronic document may issue a tangible
document of title as a substitute for the electronic document if:

(1) the person entitled under the electronic document surrenders
control of the document to the issuer; and

(2) the tangible document when issued contains a statement that it is
issued in substitution for the electronic document.

(b) Upon issuance of a tangible document of title in substitution for
an electronic document of title in accordance with subsection (a):

(1) the electronic document ceases to have any effect or validity; and

(2) the person that procured issuance of the tangible document
warrants to all subsequent persons entitled under the tangible document
that the warrantor was a person entitled under the electronic document
when the warrantor surrendered control of the electronic document to the
issuer.

(c) Upon request of a person entitled under a tangible document of
title, the issuer of the tangible document may issue an electronic
document of title as a substitute for the tangible document if:

(1) the person entitled under the tangible document surrenders
possession of the document to the issuer; and

(2) the electronic document when issued contains a statement that it
is issued in substitution for the tangible document.

(d) Upon issuance of an electronic document of title in substitution
for a tangible document of title in accordance with subsection (c):

(1) the tangible document ceases to have any effect or validity; and

(2) the person that procured issuance of the electronic document
warrants to all subsequent persons entitled under the electronic
document that the warrantor was a person entitled under the tangible
document when the warrantor surrendered possession of the tangible
document to the issuer.