I think both codes agree: the exception for the holder's knee is good as long as he's holding or simulating the hold and he may run or pass or otherwise advance the ball. He can get up or stay down and pass, but once he does that, we go off exception for everyone, including him. His knee having once been down or his status as a holder means nothing in terms of eligibility to catch a forward pass. Since he's a back, only a number would make him ineligible.
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