12-1503. Appointment of arbitrators by
court


If the arbitration agreement provides a method of appointment of arbitrators, this
method shall be followed. In the absence thereof, or if the agreed method fails or for
any reason cannot be followed, or when an arbitrator appointed fails or is unable to act
and his successor has not been duly appointed, the court on application of a party shall
appoint one or more arbitrators. An arbitrator so appointed has all the powers of one
specifically named in the agreement.