The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 7-105)
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§ 7—105. 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. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)