Section 12A:8-303 - Protected Purchasera. "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.