Negotiable Instrument Holder Law and Legal Definition

The Vermont Uniform Commercial Code statute defines a "holder" as "(A) the person in possession of a negotiable instrument that is payable either to bearer or to an identified person that is the person in possession." Ag Venture Fin. Servs. v. Montagne (In re Montagne), 421 B.R. 65 (Bankr. D. Vt. 2009)