lawful holder


lawful holder
One entitled to possession and in possession. For definition of term as it appears in a provision of the Carmack Amendment to the Interstate Commerce Act (49 USC § 20(11)), see Pennsylvania R. Co. v Carr, 243 US 587, 61 L Ed 914, 37 S Ct 472; Pennsylvania R. Co. v Olivit Bros. 243 US 574, 61 L Ed 908, 37 S Ct 468. See holder in due course.

Ballentine's law dictionary. . 1998.

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