12 Extinction by prescription of requirement to make compensatory paymentS
In Schedule 1 to the Prescription and Limitation (Scotland) Act 1973 (c.52) (which specifies obligations affected by prescriptive periods of five years under section 6 of that Act)—
(a)in paragraph 1, after sub-paragraph (a) there shall be inserted—
“(aa)to any obligation to make a compensatory payment (“compensatory payment” being construed in accordance with section 8(1) of the Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5), including that section as read with section 56 of that Act);”;
(b)in paragraph 2(e), after the words “paragraph 1(a)” there shall be inserted “ or (aa) ”.