6 Extinction of obligations by prescriptive periods of five years
Prescription and Limitation (Scotland) Act 1973 (1973 c 52) | Legislation

Negative Prescription

6  Extinction of obligations by prescriptive periods of five years

(1)     If, after the appropriate date, an obligation to which this section applies has subsisted for a continuous period of five years—

(a)     without any relevant claim having been made in relation to the obligation, and

(b)     without the subsistence of the obligation having been relevantly acknowledged, then as from the expiration of that period the obligation shall be extinguished:

Provided that in its application to an obligation under a bill of exchange or a promissory note this subsection shall have effect

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