Okla. Stat. tit. 12A, § 12A-7-105.1: Reissuance in alternative medium

Reissuance in Alternative Medium.

(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.