W. Va. Code § 46-8-303 – Protected purchaser.

(a) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
1. (1) Gives value;
2. (2) Does not have notice of any adverse claim to the security; and
3. (3) Obtains control of the certificated or uncertificated security.
(b) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.