147 Ky. 751 | Ky. Ct. App. | 1912
Extended Opinion by
For opinion in tbis case see page 187.
In tbe petition for modification and extension of tbe opinion herein our attention is called to tbe fact that tbe opinion is. silent on tbe question of tbe right of appellant to interest on tbe insurance money. Tbe insurance com
In the opinion rendered herein appellant was. adjudged to be the owner of and entitled to this money, and ’'since it has been withheld from him by appellee, he is entitled to interest .thereon for the use of it from the date upon which it went into appellee’s hands.. . .
This identical question was before this court in Kenton Ins. Co. v. First National Bank, 93 Ky., 129. In that case there was a dispute between the litigants as to who held the superior lien upon certain stock. Appellees had the stock and were permitted to receive and use the proceeds thereof pending the litigation. Upon final hearing it was.held that appellant’s claim was superior to that of appellee, and he .was held accountable to appellant for interest, the court saying:
“But it seems to us clear .that, where a- person is claiming the money as his own and is permitted to collect it and retain it as his own, and is only required to hold it subject to the court’s order in case it truns out that the- person is not entitled to it, then the presumption arises that the person retained and used the money ’as his own, and he is chargeable with interest.”
! Upon the authority of the ruling of the court in this case interest should have been awarded appellant, and the opinion is now so modified and extended to allow appellant. interest upon this sum from the date that appellee received it.