PERSON ENTITLED TO ENFORCE INSTRUMENT
"Person entitled to enforce" an instrument means (i) the holder of the instrument, (ii) a nonholder in possession of the instrument who has the rights of a holder, or (iii) a person not in possession of the instrument who is entitled to enforce the instrument pursuant to Section 3-309 or subsection (d) of Section 3-418 of this title. A person may be a person entitled to enforce the instrument even though the person is not the owner of the instrument or is in wrongful possession of the instrument.
Laws 1961, p. 108, § 3-301; Laws 1991, c. 117, § 52, eff. Jan. 1, 1992.