s 16N Change of medium from electronic transferable record to transferable document or instrument
16N.—(1) A transferable document or instrument may replace an electronic transferable record if a reliable method for the change of medium in accordance with this section is used.[5/2021] (2) For the change of medium mentioned in subsection (1) to take effect, the following requirements must be satisfied:(a) all the information contained in the electronic transferable record must be accurately reproduced in the transferable document or instrument that replaces the electronic transferable record; (b) a statement indicating a change of medium must be inserted in the transferable document or instrument that replaces the electronic transferable record.[5/2021] (3) For the purposes of subsection (2)(a), the information in the electronic transferable record that must be accurately reproduced in the transferable document or instrument that replaces the electronic transferable record does not include any additional information that may be contained in an electronic transferable record mentioned in section 16C.[5/2021] (4) Upon the issuance of the transferable document or instrument in accordance with subsections (1) and (2), the electronic transferable record —(a) ceases to have any effect or validity; and (b) must be made inoperative.[5/2021] (5) A change of medium in accordance with subsections (1) and (2) does not affect the rights and obligations of the parties.[5/2021]