Illinois Code § 810 ILCS 5/7-105

(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. 

surrenders control of the document to the issuer; and
statement that it is issued in substitution for the electronic document.
or validity; and
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.
surrenders possession of the document to the issuer; and
statement that it is issued in substitution for the tangible document.
or validity; and
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.

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