Section 36-8-303 - Protected purchaser(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) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.2001 Act No. 67, Section 5; 1991 Act No. 161, Section 1; 1966 (54) 2716; 1962 Code Section 10.8-303.