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.
Cal. Com. Code § 8209
Issue and Issuer
Known as the Uniform Commercial Code
The act spans §§ 1101–12107 (623 sections).
Added by Stats. 1996, Ch. 497, Sec. 9
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.