(710 ILCS 5/3) (from Ch. 10, par. 103)
Sec. 3.
Appointment
of arbitrators.
If the arbitration agreement provides a method of appointment of
arbitrators, this method shall be followed. In the absence thereof, any
method of appointment of arbitrators agreed upon by the parties to the
contract shall be followed. An arbitrator so appointed has all the powers
of one specifically named in the agreement. When an arbitrator appointed
fails or is unable to act, his successor shall be appointed in the same
manner as the original appointment. If the method of appointment of
arbitrators is not specified in the agreement and cannot be agreed upon by
the parties, the entire arbitration agreement shall terminate.
(Source: Laws 1961, p. 3844.)
|