-
(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
-
(1) gives value;
-
(2) does not have notice of any adverse claim to the security; and
-
(3) obtains control of the certificated or uncertificated security.
-
-
(b) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.