California · Commercial Code
COM §8209: 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.
What this law says, in plain English
An issuer's lien on a certificated security is enforceable against a buyer only when the lien right is clearly noted on the certificate itself.
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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.