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2006 New York Code - Issuer\'s Lien.



 
  Section 8--209. Issuer's Lien.
    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.

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