Person entitled to enforce instrument

4-3-301. 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 4-3-309 or 4-3-418 (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. Source: L. 94: Entire article R&RE, p. 853, � 1, effective January 1, 1995. Editor's note: This section is similar to former � 4-3-301 as it existed prior to 1994.