Va. Code § 8.8A-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.1996, c. 216; 2024, c. 652.