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.
History. Code 1981, § 11-8-209 , enacted by Ga. L. 1998, p. 1323, § 1.
Structure Georgia Code
Article 8 - Investment Securities
§ 11-8-202. Issuer’s Responsibility and Defenses; Notice of Defect or Defense
§ 11-8-203. Staleness as Notice of Defect or Defense
§ 11-8-204. Effect of Issuer’s Restriction on Transfer
§ 11-8-205. Effect of Unauthorized Signature on Security Certificate
§ 11-8-206. Completion or Alteration of Security Certificate
§ 11-8-207. Rights and Duties of Issuer With Respect to Registered Owners
§ 11-8-208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent