'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 42a-3-309 or 42a-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.(1959, P.A. 133, S. 3-301; P.A. 91-304, S. 27.)History: P.A. 91-304 entirely replaced former provisions re rights of a holder to transfer, negotiate, enforce or discharge an instrument with provisions defining a person entitled to enforce an instrument.Cited. 238 C. 745. Loan servicer for owner and holder of a note and mortgage had standing in its own right to institute a foreclosure action against mortgagor as a transferee of the holder's rights. 309 C. 307. An assignee of a mortgage with a note that is specially endorsed to a different entity has standing to foreclose on a mortgage only if the assignee demonstrates that it is the holder of the note that has been vested with the right to enforce the note. 345 C. orsed to a different entity has standing to foreclose on a mortgage only if the assignee demonstrates that it is the holder of the note that has been vested with the right to enforce the note. 345 C. 662.Cited. 4 CA 376; 35 CA 326.
Connecticut Legal Code