Section 26-1-8.1-303 - "Protected purchaser" defined; acquisition of interest free of adverse claims(a) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:(2) does not have notice of any adverse claim to the security; and(3) obtains control of the certificated or uncertificated security.(b) A protected purchaser also acquires its interest in the security free of any adverse claim.Amended by P.L. 199-2023,SEC. 39, eff. 7/1/2023.As added by P.L. 247-1995, SEC.10.