Illinois Compiled Statutes 810 ILCS 5 Uniform Commercial Code. Section 3-301

    (810 ILCS 5/3-301) (from Ch. 26, par. 3-301)

    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.

(Source: P.A. 87-582.)

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Last modified: February 18, 2015