Alabama Code 7-3-301. Person entitled to enforce instrument

“Person entitled to enforce” an instrument means

(i) the holder of the instrument,

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Terms Used In Alabama Code 7-3-301

person: includes a corporation as well as a natural person. See Alabama Code 1-1-1

(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 7-3-309 or 7-3-418(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.

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