(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.
(1959, P.A. 133, S. 7-105; P.A. 04-64, S. 5.)
History: P.A. 04-64 amended section to adopt the 2003 Revision of Uniform Commercial Code Article 7-Documents of Title.
Structure Connecticut General Statutes
Title 42a - Uniform Commercial Code
Article 7 - Documents of Title
Section 42a-7-101. - Short title: Uniform Commercial Code–Documents of Title.
Section 42a-7-102. - Definitions and index of definitions.
Section 42a-7-103. - Relation of article to treaty or statute.
Section 42a-7-104. - Negotiable and nonnegotiable document of title.
Section 42a-7-105. - Reissuance in alternative medium.
Section 42a-7-106. - Control of electronic document of title.
Section 42a-7-201. - Person that may issue a warehouse receipt; storage under bond.
Section 42a-7-202. - Form of warehouse receipt; effect of omission.
Section 42a-7-203. - Liability for nonreceipt or misdescription.
Section 42a-7-204. - Duty of care; contractual limitation of warehouse's liability.
Section 42a-7-205. - Title under warehouse receipt defeated in certain cases.
Section 42a-7-206. - Termination of storage at warehouse's option.
Section 42a-7-207. - Goods must be kept separate; fungible goods.
Section 42a-7-208. - Altered warehouse receipts.
Section 42a-7-209. - Lien of warehouse.
Section 42a-7-210. - Enforcement of warehouse's lien.
Section 42a-7-302. - Through bills of lading and similar documents of title.
Section 42a-7-303. - Diversion; reconsignment; change of instructions.
Section 42a-7-304. - Tangible bills of lading in a set.
Section 42a-7-305. - Destination bills.
Section 42a-7-306. - Altered bills of lading.
Section 42a-7-307. - Lien of carrier.
Section 42a-7-308. - Enforcement of carrier's lien.
Section 42a-7-309. - Duty of care; contractual limitation of carrier's liability.
Section 42a-7-401. - Irregularities in issue of receipt or bill or conduct of issuer.
Section 42a-7-402. - Duplicate document of title; overissue.
Section 42a-7-403. - Obligation of bailee to deliver; excuse.
Section 42a-7-404. - No liability for good faith delivery pursuant to document of title.
Section 42a-7-501. - Form of negotiation and requirements of due negotiation.
Section 42a-7-502. - Rights acquired by due negotiation.
Section 42a-7-503. - Document of title to goods defeated in certain cases.
Section 42a-7-505. - Endorser not guarantor for other parties.
Section 42a-7-506. - Delivery without endorsement: Right to compel endorsement.
Section 42a-7-507. - Warranties on negotiation or delivery of document of title.
Section 42a-7-508. - Warranties of collecting bank as to documents of title.
Section 42a-7-509. - Adequate compliance with commercial contract.
Section 42a-7-601. - Lost, stolen or destroyed documents of title.
Section 42a-7-602. - Judicial process against goods covered by negotiable document of title.
Section 42a-7-603. - Conflicting claims; interpleader.