§ 36-8-209

S.C. Code Ann. § 36-8-209

Issuer's lien

2001 Act No. 67, Section 5. "Certificated security" Section 8-102(a)(4) "Issuer" Section 8-201 "Purchaser" Sections 1-201(33) & 8-116 "Security" Section 8-102(a)(15) "Security certificate" Section 8-102(a)(16)

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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: 2001 Act No. 67, Section 5. "Certificated security" Section 8-102(a)(4) "Issuer" Section 8-201 "Purchaser" Sections 1-201(33) & 8-116 "Security" Section 8-102(a)(15) "Security certificate" Section 8-102(a)(16)