Southern Security Co. v. American Discount Co.

Bell, Justice.

The Court of Appeals certified the following questions:

“1. Do the provisions of the act of 1929 (Ga. L. 1929, p. 233; Code, §§ 106-301 — 106-304) abolish the right of a holder in due course, as defined by the Georgia negotiable-instruments law (§ 14-502), to maintain an action on a negotiable instrument executed after the passage of the 1929 act and its codification, which instrument, without any knowledge or notice on the part of the holder, had been transferred to him by the payee having taken such instrument in his trade-name which had not been registered in compliance with…