New Mexico Statutes

§ 55-3-301 — Person entitled to enforce instrument

New Mexico·Ch. 55 Uniform Commercial Code·Art. 3 Negotiable Instruments
"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 55-3-309 or 55-3-418(d) NMSA 1978. 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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Legislative History

1978 Comp., § 55-3-301, enacted by Laws 1992, ch. 114, § 114.

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