A lien in favor of an issuer upon a certificated security is valid against a purchaser only if the right of the issuer to the lien is noted conspicuously on the security certificate.
Ala. Code § 7-8-209
Issuer’s Lien.
Known as the Uniform Commercial Code
The act spans §§ 7–7 (703 sections).
(Acts 1996, No. 96-742, p. 1241, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.