Code of Virginia § 8.3A-301. Person entitled to enforce instrument.

95 words·~1 min read·/va/chapter-3/8-3a-301

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

(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 § 8.3A-309 or § 8.3A-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.

Code 1950, § 6-403; 1964, c. 219, § 8.3-301; 1992, c. 693.