Sec. 3-301. Person entitled to enforce instrument.
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/il/chapter-810/act-5/3-301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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.