(a. 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.
History
1996, c. 216.
