"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
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.
Ala. Code § 7-3-301 (1975)
Acts 1995, No. 95-668, p. 1381, §1.