the issuer could not assert if the entitlement holder held the security directly.History: 1995 c 194 art 1 s 18336.8-203 MS 1994 [Repealed, 1995 c 194 art 1 s 53]336.8-203 STALENESS AS NOTICE OF DEFECT OR DEFENSE.After an act or event, other than a call that has been revoked, creating a right to immediate performance of the principal obligation represented by a certificated security or setting a d