Protected purchaser

(810 ILCS 5/8-303) (from Ch. 26, par. 8-303)     Sec. 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) A protected purchaser also acquires its interest in the security free of any adverse claim. (Source: P.A. 103-1036, eff. 1-1-25.)