N.Y. Uniform Commercial Code Law § 8-209: 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.