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.

NOTES:

Effective date1995 c 48: See RCW 62A.11-113.

Terms Used In Washington Code 62A.8-209

  • Lien: A claim against real or personal property in satisfaction of a debt.