New York Uniform Commercial Code Code § 8-209

Issuer's Lien
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Section 8--209. Issuer's Lien.\n  A lien in favor of an issuer upon a certificated security is valid\nagainst a purchaser only if the right of the issuer to the lien is noted\nconspicuously on the security certificate or, in a case of a cooperative\ninterest, is set forth in the cooperative record.\n

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