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North Dakota · Through 2026-07-31T11:12:02

N.D. Cent. Code § 41-07-05: (7-105) Reissuance in alternative medium

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Where this section sits in the code
  1. Title 41 Uniform Commercial Code
  2. Chapter 41-07 Documents Of Title

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 surrenders 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:

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 issued contains a statement that it is issued in substitution for the tangible document.

4.Upon issuance of an electronic document of title in substitution for a tangible document of title in accordance with subsection 3:

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 document when the warrantor surrendered possession of the tangible document to the issuer.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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