‘ 1.  ’Protected purchaser’ means a purchaser of a certificated or uncertificated security, or of an interest therein, who:

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(a) Gives value;

(b) Does not have notice of any adverse claim to the security; and

(c) Obtains control of the certificated or uncertificated security.

2.  A protected purchaser also acquires its interest in the security free of any adverse claim.