§ 6A-8-303 - Protected purchaser.
SECTION 6A-8-303
§ 6A-8-303 Protected purchaser. – (a) "Protected purchaser" means a purchaser of a certificated or uncertificatedsecurity, or of an interest therein, who:
(1) gives value;
(2) does not have notice of any adverse claim to thesecurity; and
(3) obtains control of the certificated or uncertificatedsecurity.
(b) In addition to acquiring the rights of a purchaser, aprotected purchaser also acquires its interest in the security free of anyadverse claim.