Oklahoma Code § 12A-7-105.1

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.

(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.

‹ Prev All Oklahoma sections Next ›

Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.