|
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB1778 Introduced , by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
|
|
710 ILCS 5/3 | from Ch. 10, par. 103 |
|
Amends the Uniform Arbitration Act. Makes a technical change in a Section concerning appointment of arbitrators.
|
| |
| | A BILL FOR |
|
|
| | HB1778 | | LRB098 06087 HEP 36126 b |
|
|
| 1 | | AN ACT concerning alternative dispute resolution.
|
| 2 | | Be it enacted by the People of the State of Illinois,
|
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Uniform Arbitration Act is amended by |
| 5 | | changing Section 3 as follows:
|
| 6 | | (710 ILCS 5/3) (from Ch. 10, par. 103)
|
| 7 | | Sec. 3.
Appointment
of arbitrators.
|
| 8 | | If the arbitration agreement provides a method of |
| 9 | | appointment of
arbitrators, this this method shall be followed. |
| 10 | | In the absence thereof, any
method of appointment of |
| 11 | | arbitrators agreed upon by the parties to the
contract shall be |
| 12 | | followed. An arbitrator so appointed has all the powers
of one |
| 13 | | specifically named in the agreement. When an arbitrator |
| 14 | | appointed
fails or is unable to act, his successor shall be |
| 15 | | appointed in the same
manner as the original appointment. If |
| 16 | | the method of appointment of
arbitrators is not specified in |
| 17 | | the agreement and cannot be agreed upon by
the parties, the |
| 18 | | entire arbitration agreement shall terminate.
|
| 19 | | (Source: Laws 1961, p. 3844.)
|