Matt has it right. The only thing to add is there is no "catch and carry" in NFHS games. If you catch the ball in live ball territory (LBT) for an out and carry it into dead ball territory, you cannot carry the "dead" ball back into LBT and change the status of the ball back to "live" again.
Other codes (OBR) may allow this action but only by specific ground rule.
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