The holder of a bill of exchange, promissory note, or check is the person who bas legally acquired the possession of the same, from a person capable of trans-ferring it, by indorsement or delivery, and who is entitled to receive payment of the instrument from the party or parties liable to meet it. Bowling v. Harrison, 6 How. 258, 12 L. Ed. 425; Crocker-woolworth Nat. Bank v. Nevada Bank, 139 Cal. 564, 73 Pac. 456, 63 L. R. A. 245, 96 Am. St. Rep. 169; Rlce v. Hogan, 8 Dana (Ky.) 135; Rev. Laws Mass. 1902, p. 053. $ 207
Source: Black’s Law Dictionary 2nd Ed (1910)
