holder

A person who holds; a person who is in the actual or constructive possession of land. State v Wheeler, 23 Nev 143, 44 P 430. A technical term of the law merchant, the Negotiable Instruments Law, and the Uniform Commercial Code. The person in possession of a bill or note which is payable to bearer. Capitol Hill State Bank v Rawlins Nat. Bank, 24 Wyo 423, 160 P 1171, 11 ALR 937, 950. A person in legal possession of a negotiable instrument and entitled to demand payment in accordance with its terms, whether in his own right or as an agent. Bowling v Harrison (US) 6 How 248, 258, 12 L Ed 425, 429. The payee or indorsee of a bill or note, who is in the possession of it, or the bearer thereof. Uniform Negotiable Instruments L § 191. A person who is in possession of a document of title or an instrument or an investment security drawn, issued, or indorsed to him or his order or to bearer or in blank. UCC § 1-201 (20). One in possession of a negotiable instrument and entitled to maintain an action at law on it or anyone in actual or constructive possession of such an instrument and entitled to recover or receive its contents from the parties to it. Buckman v Hill Military Academy, 182 Or 621, 189 P2d 575.