57 Extinction by prescription of obligation to pay redemption money for feuduty, ground annual etc.S
Notwithstanding the terms of Schedule 1 to the Prescription and Limitation (Scotland) Act 1973 (c.52) (which defines obligations affected by prescriptive periods of five years), any obligation under section 5 (redemption of feuduty, ground annual etc. on transfer for valuable consideration) or 6 (redemption of feuduty, ground annual etc. on compulsory acquisition) of the Land Tenure Reform (Scotland) Act 1974 (c.38) to pay redemption money is an obligation to which section 6 of that Act of 1973 (extinction of obligation by prescriptive period of five years) applies; and for the purposes of that application, the reference in subsection (1) of section 6 of that Act of 1973 to the
“appropriate date” is a reference to the date of redemption within the meaning of—
except in the case mentioned in paragraph (b) below, section 5 (read, as the case may be, with section 6(2)(a)); or
in the case of an obligation arising out of the acquisition of land by means of a general vesting declaration, section 6(4),
of that Act of 1974.