California Commercial Code 8209 – A lien in favor of an issuer upon a certificated security is valid …
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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.
(Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.)
Terms Used In California Commercial Code 8209
- Lien: A claim against real or personal property in satisfaction of a debt.
- Purchaser: means a person that takes by purchase. See California Commercial Code 1201
- Right: includes remedy. See California Commercial Code 1201