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. (Acts 1996, No. 96-742, p. 1241, §1.)
Ala. Code § 7-8-209, under Issue and Issuer.
Ala. Code § 7-8-209
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. (Acts 1996, No. 96-742, p. 1241, §1.)