Code · North Carolina · Chapter 25 — Uniform Commercial Code

Part 3.

99 words·~1 min read·/nc/chapter-25/3-6

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Part 3. Enforcement of Instruments.

§ 25-3-301. 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 G.S. 25-3-309 or G.S. 25-3-418(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. (1995, c. 232, s. 1.)