(a) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, to which all of the following apply:
(1) The purchaser gives value.
(2) The purchaser does not have notice of any adverse claim to the security.
(3) The purchaser obtains control of the certificated or uncertificated security.
(b) A protected purchaser acquires its interest in the security free of any adverse claim.