<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="8-209" title_number="8" title_name="Investment Securities" subtitle_number="2" subtitle_name="Issue and Issuer">
  <text>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.</text>
</section>
