KRS 355.7-105: Reissuance in alternative medium.

(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 surr enders 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) of this section:

(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 i ssued contains a statement that it is issued in

substitution for the tangible document.

(4) Upon issuance of the electronic document of title in substitution for a tangible

document of title in accordance with subsection (1) of this section:

(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 do cument when the warrantor

surrendered possession of the tangible document to the issuer.