Mich. Comp. Laws § 440.3301: Instrument; person entitled to enforce.

Sec. 3301.

"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 3309 or 3418(4). 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.