Bill Title: Amends the Uniform Arbitration Act. Provides that rules applicable to the dispute include deciding the dispute in accordance with rules of law chosen by the parties, but if none is chosen, the arbitrators shall apply the law under conflict of law rules considered applicable by the arbitrators. Provides that the decision shall be made according to the strict rules of law, unless another standard is authorized by the parties. Provides that the decision shall be based upon the contract and shall take into account usages of the trade applicable to the transaction.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2010-08-23 - Public Act . . . . . . . . . 96-1476 [HB5888 Detail]

Text: Latest bill text (Enrolled) [HTML]

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