Nevada Code § 104.7105

1. 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:
(a) The person entitled under the electronic
document surrenders control of the document to the issuer; and
(b) The tangible document when issued contains a
statement that it is issued in substitution for the electronic document.
2. Upon issuance of a tangible document of
title in substitution for an electronic document of title in accordance with
subsection 1:
(a) The electronic document ceases to have any
effect or validity; and
(b) 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.
3. 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:
(a) The person entitled under the tangible
document surrenders possession of the document to the issuer; and
(b) The electronic document when issued contains
a statement that it is issued in substitution for the tangible document.
4. Upon issuance of an electronic document
of title in substitution for a tangible document of title in accordance with
subsection 3:
(a) The tangible document ceases to have any
effect or validity; and
(b) 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.

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