Fla. Stat. 677.105
Reissuance in alternative medium


(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:The person entitled under the electronic document surrenders control of the document to the issuer; andThe tangible document when issued contains a statement that it is issued in substitution for the electronic document.

(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):The electronic document ceases to have any effect or validity; andThe 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.

(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:The person entitled under the tangible document surrenders possession of the document to the issuer; andThe electronic document when issued contains a statement that it is issued in substitution for the tangible document.

(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):The tangible document ceases to have any effect or validity; andThe 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.

(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.

Source: Section 677.105 — Reissuance in alternative medium, https://www.­flsenate.­gov/Laws/Statutes/2024/0677.­105 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 677.105. Reissuance in alternative medium's source at flsenate​.gov