§12A-8-303.

§12A-8-303.
   
   Protected Purchaser.
   
   (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.