Section 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.