HB 3211

Abstract

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, 2004, 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, 2004, with the repeal of the Uniform Arbitration Act taking effect on July 1, 2004.