Maine Revised Statutes

§3-1301. Person entitled to enforce instrument

"Person entitled to enforce" an instrument means: [1993, c. 293, Pt. A, §2 (NEW).]

(1).    The holder of the instrument;
[ 1993, c. 293, Pt. A, §2 (NEW) .]
(2).    A nonholder in possession of the instrument who has the rights of a holder; or
[ 1993, c. 293, Pt. A, §2 (NEW) .]
(3).    A person not in possession of the instrument who is entitled to enforce the instrument pursuant to section 3-1309 or 3-1418, subsection (4).
[ 2011, c. 691, Pt. D, §3 (AMD) .]

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. [2011, c. 691, Pt. D, §3 (NEW).]

SECTION HISTORY
1993, c. 293, Pt. A, §2 (NEW). 2011, c. 691, Pt. D, §3 (AMD).