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Section 4-3-301 - Person entitled to enforce instrument — Arkansas Law | CourtGPT
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  2. Laws/
  3. Arkansas/
  4. Title 4 - Business and Commercial Law (§§ 4-1-101 — 4-119-105)/
  5. Subtitle 1 - Uniform Commercial Code/
  6. Chapter 3 - Negotiable Instruments/
  7. Part 3 - Enforcement of Instruments/
  8. Section 4-3-301 - Person entitled to enforce instrument
Arkansas Legal Code

Section 4-3-301 - Person entitled to enforce instrument

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'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 § 4-3-309 or § 4-3-418(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.Acts 1991, No. 572, § 5.