Subject to subsection (2) below, if in the case of any action for which a period of limitation is prescribed by section 14A of this Act—
the action may be brought at any time before the expiration of three years from the date when he ceased to be under a disability or died (whichever first occurred) notwithstanding that the period mentioned above has expired.
An action may not be brought by virtue of subsection (1) above after the end of the period of limitation prescribed by section 14B of this Act.