RCW 62A.7-105
327 words·~1 min read·
/wa/title-62a/chapter-62a-7/62a-7-105·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
[ 2012 c 214 s 205 ; 1965 ex.s. c 157 s 7-105.]
Notes:
Application — Savings — 2012 c 214: See notes following RCW 62A.1-101 .