41-03-27. (3-301) Person entitled to enforce instrument.
81 words·~1 min read·
/nd/title-41/chapter-41-03-negotiable-instruments/41-03-27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
"Person entitled to enforce" an instrument means the holder of the instrument, a nonholder in possession of the instrument who has the rights of a holder, or a person not in possession of the instrument who is entitled to enforce the instrument under section 41-03-35 or subsection 4 of section 41-03-55. 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.