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.
Source: L. 96: Entire article R&RE, p. 219, � 2, effective July 1.
Editor's note: This section is similar to former � 4-8-103 as it existed prior to 1996.