Southern National Bank v. Schimpeler

Opinion of the Court by

Judge Turner

Modifying the original opinion, and overruling the petition for rehearing.

So much of the original opinion as holds that Section 2515 of the Kentucky Statutes, in so far as it applies to negotiable notes placed upon the footing of bills of exchange, is no longer in force, is withdrawn. But *814the five-year limitation therein provided is applicable only when the note has been actually negotiated before maturity and thereby placed upon the footing of a bill of exchange and is in the hands of a third party. So long, however, as the instrument remains in the hands…