Protected purchaser.
Del. Code tit. 6, § 8-303
in effect(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 acquires its interest in the security free of any adverse claim.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title6/c008/sc03/index.htmlFetched: 10/4/2026