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.
96 Acts, ch 1138, §32, 84
Iowa Code § 554.8209
Issuer’s lien
Known as the Uniform Commercial Code
The act spans §§ 554–554 (631 sections).
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.