Legislation
SECTION 8-209
Issuer's Lien
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 8, PART 2
Section 8--209. Issuer's Lien.
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 or, in a case of a cooperative
interest, is set forth in the cooperative record.
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 or, in a case of a cooperative
interest, is set forth in the cooperative record.