Section 810 ILCS 5/8-303 - [Effective Until 1/1/2025] 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.P.A. 89-364, eff. 1/1/1996.This section is set out more than once due to postponed, multiple, or conflicting amendments.