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Section 7-105 Reissuance in Alternative Medium …
Section 7-105 Reissuance in Alternative Medium
Upon request of 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 in the event specific criteria has been met.
Section 7-106 Control of Electronic Document of Title
Electronic document of title is permitted if the system reliably establishes the person to which the electronic document was issued or transferred.
Document is created, stored and assigned in a manner that:
- A single authoritative copy of the document exists which is unique, identifiable and except as specifically allowed by statute, unalterable;
- The authoritative copy identifies the person to whom the document was issued or the person to whom the document was most recently
- Each copy of the authoritative copy and any copy of a copy is readily
identifiable as a copy that is not the authoritative copy
- Any amendment of the authoritative copy is readily identifiable as
authorized or unauthorized