§658A-6 - Validity of agreement to arbitrate.
[§658A-6] Validity of agreement to
arbitrate. (a) An agreement contained in a record 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.
(b) The court shall decide whether an
agreement to arbitrate exists or a controversy is subject to an agreement to
arbitrate.
(c) An arbitrator shall decide whether a
condition precedent to arbitrability has been fulfilled and whether a contract
containing a valid agreement to arbitrate is enforceable.
(d) If a party to a judicial proceeding
challenges the existence of, or claims that a controversy is not subject to, an
agreement to arbitrate, the arbitration proceeding may continue pending final
resolution of the issue by the court, unless the court otherwise orders. [L
2001, c 265, pt of §1]
Case Notes
Cited: 297 F. Supp. 2d 1259.