Colorado § 4-7-105 Reissuance in alternative medium

Colorado Statutes

§ 4-7-105 — Reissuance in alternative medium

Colorado·Title 04 Uniform·Art. Documents of Title

(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 docume

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(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.

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