Texas Business & Commerce Code
§ 7.105 — REISSUANCE IN ALTERNATIVE MEDIUM
BC § 7.105Title 1. UNIFORM COMMERCIAL CODE · Ch. 7. DOCUMENTS OF TITLE · Art. A. GENERAL PROVISIONS
Statute text
View on source(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.
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Legislative history
Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 1, eff. September 1, 2005.