§ 34-2-132 — Tax deeds; 2-year limitation

(a) No action, suit or other proceeding shall be commenced
by the former owner to set aside, declare invalid or redeem from
a tax deed or the sale, forfeiture, foreclosure or other
proceeding upon which it is based or to recover possession,
quiet title or otherwise litigate or contest the title of the
grantee, if:
(i) Two (2) years or more have elapsed after the date
of recording the deed in the office of the county clerk for the
county in which the real estate described in the deed is
situated; and
(ii) The grantee has been in possession of the real
estate continuously for a period of at least six (6) months, at
any time after one (1) year and six (6) months have elapsed
since the date of recording of the tax deed.
(b) The limitation in subsection (a) of this section
applies regardless of whether the tax deed or any of the
proceedings upon which it is based are void or voidable for any
reason, jurisdictional or otherwise. If the deed is executed
substantially in the form prescribed for the execution of tax
deeds, the limitation shall apply regardless of whether the deed
is deemed void upon its face. The period shall not be extended
by reason of the minority, insanity, imprisonment, nonresidence,
or death of any person, or by reason of any other fact, or
circumstance.