If A holds a negotiable instrument under circumstances which make him a bona fide holder, and he transfers it regularly to B, who takes with notice, B takes all the rights of A,1 unless B has held the instrument before A under circumstances which did not make him a bona fide holder, as where he was the original payee.2 So a transfer after maturity passes the right of the transferrer. Hence if the latter took the note before maturity under circumstances making him a bona fide holder, his transferee has all the rights of a bona fide holder,3 unless the transferee is a prior party to the instrument who was not himself a bona fide holder,4 or takes as agent of the original payee.5

1 Jones v. Dannenberg Co., 112 Ga. 426; 52 L. R. A. 271; 37 S. E. 729.

2 Pope v. Hanke, 155 111. 617; 28 L. R. A. 568; 40 N. E. 839; Irwin v. Marquet, 26 Ind. App. 383; 84 Am. St. Rep. 297; 59 N. E. 38; Snoddy v. Bank, 88 Tenn. 573; 17 Am. St. Rep. 918; 7 L. R. A. 705; 13 S. W. 127; Swinney v. Edwards, 8 Wyom. 54; 80 Am. St. Rep. 916; 55 Pac. 306. But a statute applying to certain forms of wagers but not to sales without intention of delivering does not make a note given thereunder void in the hands of a bona fide holder. Sondheim v. Gilbert, 117 Ind. 71; 10 Am. St. Rep. 23; 5 L. R. A. 432; 18 N. E. 687; Crawford v. Spencer, 92 Mo. 498; 1 Am. St. Rep. 745; 4 S. W. 713.

3 Clarke v. Havard, 111 Ga. 242; 51 L. R. A. 499; 36 S. E. 837; Fais-on v. Grandy, 128 N. C. 438; 38 S. E. 897; Ward v. Sugg, 113 N. C. 489; 24 L. R. A. 280; 18 S. E. 717.

4 Streit v. Sanborn, 47 Vt. 702. 5 Larson v. Bank, 62 Neb. 303; 87 N. W. 18.

6 Nunn v. Bank, 107 Ky. 262; 53 S. W. 665.

7 Wyatt v. Wallace, 67 Ark. 575; 55 S. W. 1105. Under most statutes requiring a note given for a patent right to recite that fact the omission of these words does not affect a bona fide holder. Smith v. Wood, 111 Ga. 221; 36 S. E. 649; Tescher v. Merea, 118 Ind. 586; 21 N. E. 316; Haskell v. Jones, 86 Pa. St. 173.

8 Pritchett v. Ahrens, 26 Ind. App. 56; 84 Am. St. Rep. 274; 59 N. E. 42.

1 Gunnison County v. Rollins, 173 U. S. 255; Pickens Township v. Post, 99 Fed. 659; 41 C. C A. 1; Burch v. Pope, 114 Ga. 334; 40 S. E. 227; Riegel v. Ormsby, 111 Ia. 10; 82 N. W. 432; Kelly v. Staed, 136 Mo. 430; 58 Am. St. Rep. 648; 37 S. W. 1110; Knight v. Finney, 59 Neb. 274; 80 N. W. 912; Vos-burgh v. Diefendorf, 119 N. Y. 357; 16 Am. St. Rep. 836; 23 N. E. 801; Herman v. Gunter, 83 Tex. 66; 29 Am. St. Rep. 632; 18 S. W. 428.