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 or, in a case of a cooperative
interest, is set forth in the cooperative record.
Structure New York Laws
Article 8 - Investment Securities
8-202 - Issuer's Responsibility and Defenses; Notice of Defect or Defense.
8-203 - Staleness as Notice of Defect or Defense.
8-204 - Effect of Issuer's Restriction on Transfer.
8-205 - Effect of Unauthorized Signature on Security Certificate.
8-206 - Completion or Alteration of Security Certificate.
8-207 - Rights and Duties of Issuer With Respect to Registered Owners.
8-208 - Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent.