92nd General Assembly
Summary of HB3057
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House Sponsors:
CROSS.

Short description: 
UNIFORM ARBITRATION ACT (2000)                                             

Synopsis of Bill as introduced:
        Repeals the Uniform  Arbitration  Act  and  creates  the  Uniform      
   Arbitration  Act  (2000).   Provides  that the Uniform Arbitration Act      
   (2000) governs an agreement to arbitrate (i)  made  on  or  after  the      
   effective  date of the Act, (ii) made before the effective date of the      
   Act if all  the  parties  to  the  agreement  or  to  the  arbitration      
   proceeding  so  agree,  and  (iii)  on or after July 1, 2002, whenever      
   made.  Allows a party to waive or vary the effect of the  requirements      
   of  the Act, with exceptions.  Provides that an agreement to submit to      
   arbitration any existing or subsequent controversy arising between the      
   parties to the agreement is valid, enforceable, and irrevocable except      
   upon a ground that exists at law or in equity for the revocation of  a      
   contract.   Includes  provisions  concerning motions to compel or stay      
   arbitration, the  initiation  of  arbitration,  judicial  relief,  the      
   arbitrator, the arbitration process, the award and other remedies, and      
   appeals.   Provides  that  the  Act  does  not  affect  an  action  or      
   proceeding  commenced  or  right  accrued before the Act takes effect.      
   Adds short title references in various  Acts.   Effective  January  1,      
   2002,  with the repeal of the Uniform Arbitration Act taking effect on      
   July 1, 2002.                                                               
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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