29-13-404 - Limitations period. - Tennessee Statutes

29-13-404. Limitations period.

Notwithstanding any inconsistent provision of law with respect to survival of civil actions, the three-year period for filing a civil action as provided by § 29-13-403(b) does not begin to run until:

     (1)  All moneys owing to the defendant under the terms of the contract have been paid to the attorney general and reporter; and

     (2)  An escrow account has been established for the benefit of the defendant's victims.

[Acts 1994, ch. 1003, § 4.]