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The Vermont Statutes Online



Title

09A

:
Uniform Commercial Code






Chapter

003

:
Commercial Paper











 

§

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) 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. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)