{"data":{"id":"us-or/ors-77.1050","jurisdiction":"us-or","citation":"ORS 77.1050","heading":"Reissuance in alternative medium.","body":"(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:\n      (a) The person entitled under the electronic document surrenders control of the document to the issuer; and\n      (b) The tangible document when issued contains a statement that it is issued in substitution for the electronic document.\n      (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:\n      (a) The electronic document ceases to have any effect or validity; and\n      (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.\n      (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:\n      (a) The person entitled under the tangible document surrenders possession of the document to the issuer; and\n      (b) The electronic document when issued contains a statement that it is issued in substitution for the tangible document.\n      (4) Upon issuance of an electronic document of title in substitution for a tangible document of title in accordance with subsection (3) of this section:\n      (a) The tangible document ceases to have any effect or validity; and\n      (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.","path":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 77 — Warehouse Receipts, Bills of Lading and Other Documents of Title"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors077.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"e49f380bf5355548c457db793cd114457d165a5bd9b916bd75618981461b8dcf","source_id":"us-or","stale":false,"prev":"us-or/ors-77.1040","next":"us-or/ors-77.1060"},"notice":"GroundRules: Original legal text. Not legal advice."}