(1)    In this chapter, “protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:

      (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)   In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.