Under existing law, agreements to submit future controversies to arbitration are unenforceable in certain circumstances
This bill would allow agreements to arbitrate future controversies to be enforced under certain circumstances
This bill would adopt a modification of the revised uniform arbitration act to allow parties the ability to voluntarily choose arbitration as an alternative to resolving their disputes in court, would regulate that process, and would provide procedural safeguards to the structure and fairness of the arbitration process in Alabama
To amend Section 8-1-41, Code of Alabama 1975, relating to obligations which cannot be specifically enforced, to provide that agreements to arbitrate future controversies may be enforceable under certain circumstances; to repeal Division 1, Article 1, Title 6, Chapter 6, Code of Alabama 1975, relating to arbitration; and to adopt a modern revised uniform arbitration act in line with other states.
|March 14, 2012||Read for the first time and referred to the House of Representatives committee on Commerce and Small Business|
|Bill Text||HB527 Alabama 2012 Session - Introduced|