(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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