2025 Session
Last amended: 1992 session
§ 336.3-301 — Person Entitled to Enforce Instrument
Plain-Language Summary
A 'person entitled to enforce' an instrument means the holder, a nonholder in possession with the rights of a holder, or a person not in possession who has lost or had the instrument stolen (under certain conditions).
336.3-301 1992 c 565 s 114
336.3-301 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 336.3-309 or 336.3-418(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.
History:
History: History:
1992 c 565 s 29
Practical Notes
Only certain people can demand payment on a check or note: the holder, someone with the holder’s rights, or someone who lost the instrument.