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.
Md. Code Ann., Com. Law § 8-209
Known as the Maryland Uniform Commercial Code
The act spans §§ 1–9 (556 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.