Okla. Stat. tit. 12A, § 12A-7-105.1
This is the official text of Okla. Stat. tit. 12A, § 12A-7-105.1, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Reissuance in alternative medium
Official statutory text
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) of this section:
(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.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 398
(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) of this section:
(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.
(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) of this section:
(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.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 398
(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) of this section:
(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.
Status: in_force · Read it on the official government site
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