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.
S.C. Code Ann. § 36-8-209
Issuer's lien
Known as the Uniform Commercial Code
The act spans §§ 36–36 (519 sections).
2001 Act No. 67, SECTION 5.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.