<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>378326</law_id><section_number>8.8A-209</section_number><catch_line>Issuer&amp;#8217;s lien</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="28" identifier="8.8A">Commercial Code &#x2014; Investment Securities</unit><unit label="part" level="2" order_by="2" identifier="2">Issue and Issuer</unit></structure><text>
						<section><p>A <span class="dictionary">lien</span> in favor of an issuer upon a certificated security is valid against a purchaser only if the right of the issuer to the <span class="dictionary">lien</span> is noted conspicuously on the security certificate.</p></section></text><history>1996, c. 216.</history><metadata></metadata></law>
