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§ 3-301. 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 3-418(d). 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.
Cite this article: FindLaw.com - Illinois Statutes Chapter 810. Commercial Code §-301.Person entitled to enforce instrument - last updated January 01, 2019 | https://codes.findlaw.com/il/chapter-810-commercial-code/il-st-sect-810-5-3-301.html
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