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.
Structure Code of Alabama
Article 8 - Investment Securities.
Section 7-8-202 - Issuer's Responsibility and Defenses; Notice of Defect or Defense.
Section 7-8-203 - Staleness as Notice of Defect or Defense.
Section 7-8-204 - Effect of Issuer's Restriction on Transfer.
Section 7-8-205 - Effect of Unauthorized Signature on Security Certificate.
Section 7-8-206 - Completion or Alteration of Security Certificate.
Section 7-8-207 - Rights and Duties of Issuer With Respect to Registered Owners.
Section 7-8-208 - Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent.