ยง421I-9 - Mediation and arbitration of disputes.
ยง421I-9ย Mediation and arbitration ofdisputes.ย At the request of any party, any dispute concerning or involvingone or more shareholders and a corporation, its board of directors, managingagent, resident manager, or one or more other shareholders relating to theinterpretation, application, or enforcement of this chapter or thecorporation's articles of incorporation, bylaws, or rules adopted in accordancewith its bylaws shall be submitted first to mediation.ย When all reasonableefforts for mediation have been made and the dispute is not settled either inconference between the parties or through mediation, the dispute shall besubmitted to arbitration in the same manner and subject to the samerequirements, to the extent practicable, which now apply to condominiumproperty regimes under part VII of chapter 514A or section 514B-162. [L 1993, c282, pt of ยง1; am L 2004, c 164, ยง12; am L 2005, c 93, ยง7; am L 2008, c 28, ยง9]